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Indian Overseas Bank launches Bank on Wheels facility

Date: 30 May 2019 Tags: Financial Inclusion
  • 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.