IOB unveils savings A/C portability

Chennai: Public-sector undertaking Indian Overseas Bank (IOB) has introduced savings account portability online, an initiative aimed at catering to customers who move to different locations for their career or education and find it cumbersome to relocate their home bank accounts to their current location.

“As part of our continuous endeavours toward making our customers’ banking journey more efficient and easier, we are introducing Savings Account Portability Online.” said Ajay Kumar Srivastava, MD &CEO, IOB. To initiate an account transfer, customers need to log into the bank’s website (www.iob.in) and access the ‘Transfer of Savings Account’ section.