INDIAN OVERSEAS BANK OFFERS BANK ON WHEELS SERVICE AT ATHI VARADAR FESTIVAL - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Monday, August 05, 2019

INDIAN OVERSEAS BANK OFFERS BANK ON WHEELS SERVICE AT ATHI VARADAR FESTIVAL


INDIAN OVERSEAS BANK OFFERS BANK ON WHEELS SERVICE AT  ATHI VARADAR FESTIVAL
Chennai, August 05 2019: 

Indian Overseas Bank one of the largest public sector banks in the country has set up “Bank on Wheels” facility (mobile ATM & digital banking) at Devarajaswamy Perumal Temple, Kancheepuram.

The Bank on Wheels vehicles are stationed at East Gopuram Entrance and another near West Gopuram Entrance enabling the devotees to use the facility and withdraw, transfer or make any money related transactions during the festival. The public has welcomed the Bank on Wheels facility as it helps them to withdraw money at ease. 

Bank on Wheels service by Indian Overseas bank aims to benefit large number of devotees thronging to Devaraja Perumal Swamy templefor the Athi Varadar Festival at Kancheepuram. An added advantage on using Bank on Wheels is that a dedicated Banking correspondent will accompany the vehicle with a micro ATM inside the Van to take care of all banking services not restricting the facility to be a money vending machine alone. The banking correspondent will also assist with various services like instant Account opening, enrollment of customers in Social Security Scheme, Passbook Printing and other Financial inclusion activities.


Bank on Wheels service commenced on 03rd August 2019 and has received overwhelming response from the public. This facility will be available for the public and devotees at Devarajaswamy Perumal Temple, Kancheepuram until 17th August 2019.

 About Indian Overseas Bank:

Indian Overseas Bank (NSE: IOB) is one of the leading Public Sector Bank established in the year 1937 headquartered in Chennai with a strong domestic presence of 3280 Branches & 3450 ATMs as of Mar 31, 2019. 57% of Branches catering to the needs of Rural and Semi Urban centres enhancing deeper Financial Inclusion. IOB is a strong brand that enjoys the trust of over 36 million active customers. 

As of March 31, 2019, the Bank had a total business of Rs. 3,74,530 crores with Deposits of Rs. 2,22,534 crores and Advances of Rs. 1,51,996 crores. The CASA portfolio of the Bank stood at Rs. 85,227 crores with a CASA% of 38.3%. The Credit to Deposit Ratio of the Bank stood at 68.3%. The RAM (Retail/Agri/MSME) portfolio contributes to around 67% of domestic advances synchronising with the Banks efforts towards rebalancing its Balance sheet.

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INDIAN OVERSEAS BANK OFFERS BANK ON WHEELS SERVICE AT ATHI VARADAR FESTIVAL Reviewed by Investment Guru on August 05, 2019 Rating: 5 INDIAN OVERSEAS BANK OFFERS BANK ON WHEELS SERVICE AT   ATHI VARADAR FESTIVAL Chenna...

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