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    Question

    What is the primary objective of the 'Savings Account

    Portability Online' scheme introduced by Indian Overseas Bank (IOB)?
    A Providing higher interest rates Correct Answer Incorrect Answer
    B Simplifying the loan application process Correct Answer Incorrect Answer
    C Facilitating online shopping Correct Answer Incorrect Answer
    D Streamlining the savings account portability process Correct Answer Incorrect Answer
    E Enhancing mobile banking services Correct Answer Incorrect Answer

    Solution

    The 'Savings Account Portability Online' scheme by IOB is designed to simplify the savings account portability process for customers relocating to different locations.

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