IOB Introduced Savings Account Portability Online Scheme to Transfer Savings Account Online?
Banking & Finance
To initiate an account transfer, customers need to log in to the IOB website (www.iob.in) and access the ‘Transfer of Savings Accounts’ section. Enter the account number and registered mobile number. A one-time password (OTP) will be sent to the registered mobile number. Once the OTP is entered, one may specify the desired branch for transfer and submit. A new page opens, revealing the account number and the name and code of the destination branch, confirming the successful transfer, according to a statement.
The scheme aims to streamline the process, eliminating manual paperwork and reducing the waiting period to relocate bank accounts.
To initiate an account transfer, customers can access the ‘Transfer of Savings Accounts’ section on the IOB website (www.iob.in).
To partake in this seamless service, customers must ensure their phone numbers are accurately registered with the bank.
About IOB (Indian Overseas Bank):
CEO: Ajay Kumar Srivastava
Headquarters: Chennai, Founder: M. Ct. M. Chidambaram Chettyar
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