Question
Which bank has introduced a scheme that lets customers
choose any name as their savings account number with the bank?Solution
Indian Overseas Bank (IOB) has introduced a scheme that lets customers choose any name as their savings account number with the bank. The scheme called āMy Account My Nameā will be available at all 49 regional offices of the IOB in India. As per the scheme, the account name can be a combination of seven letters, or seven numbers, or seven alphanumeric only like AJIT007, PRADHAN, or 2424707 etc. Customers will not be required to remember their 15 digits account numbers. To begin with, the scheme is available for IOB SB HNI and IOB SB SALARY account customers.
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I.Ā Ā Ā Ā Ā Ā Ā Ā It is being implemented by the...