Current Affairs - International - Discussion

Discussion :: International - Latest Current Affairs (Q.No.423)


Which bank launched 'Bank on Wheels' facility for the customers?

[A]. SBI
[B]. Indian Overseas Bank
[C]. Yes Bank
[D]. Axis Bank

Answer: Option B


Indian Overseas Bank (IOB) has announced that it has launched 'Bank on Wheels' facility in 14 of its lead districts in Tamil Nadu and Kerala, besides Vijayawada. The mobile van facility will enable the public, especially senior citizens, conveniently get door-step banking facility available at identified locations of the lead districts. A dedicated banking correspondent will accompany the vehicle with a micro-ATM inside the van to take care of services such as account opening, enrollment of customers in Social Security Scheme, passbook printing, and other financial inclusion activities.

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