The Indian Overseas Bank (IOB) has introduced a new feature ‘My Account My Name’ in select saving account schemes.
This is the first time such a feature has been introduced in the banking industry.
In ‘My Account My Name’ customer can choose any name (alias) for his/her account in addition to the account name. This ‘Alias Name’ name can be shared by customers to others instead of sharing the 15-digit account numbers.
Customers can visit the bank’s website or the nearest branch to benefit from this scheme.