Indian Overseas Bank (IOB) has launched ‘Bank on Wheels’ facility in 14 of its lead districts in Tamil Nadu and Kerala, besides in Vijayawada, Andhra Pradesh.
The mobile van facility will enable public, especially senior citizens, conveniently get door-step banking facility available at identified locations of lead districts.
It will be accompanied by dedicated banking correspondent with micro ATM inside van to take care of services such as account opening, passbook printing, enrollment of customers in social security scheme, and other financial inclusion activities.
In recently released Ookla’s Speedtest Global index for April 2019, India has slipped to 121 position of 138 countries in terms of mobile internet speeds.
Average speeds of mobile downloads in India stood at 10.06 Mbps in December 2018, improving only marginally to 10.71 Mbps in April 2019. Other countries like China, Sri Lanka, Myanmarand Pakistan are far better then India.
On the other hand, India fares much better in terms of fixed broadband download speeds. It was ranked 68th rank, among 179 countries/ Download speeds in this category stood at 29.25 Mbps.