CHENNAI: Public sector Indian Overseas Bank has unveiled several upgrade features on its savings scheme that provide enhanced features to its customers, a top official has said.

The city-headquartered bank said the initiative was in the backdrop of simplifying banking processes by leveraging digital technology that provides convenience.

To avail through the Bank's website, the higher versions of the savings account like "SB Max" and "SB HNI" offer several advanced features and facilities including concessions and waiver of various charges providing greater value and flexible solutions to the customers. Discounts included.

Ajay Kumar, Managing Director and CEO of the bank, said, “We are committed to offering a comprehensive self-service model that enhances the banking experience of our customers. By leveraging the latest technology, we aim to simplify banking processes and To introduce innovative solutions to increase banking facilities. Srivastava said in a statement on Sunday.

In addition to this service, Indian Overseas Bank has launched a new service that allows customers to access their loan account details directly through the DigiLocker application or website as part of its move to expand the service, the statement said. Enables.