Opened current account in IOB bank
Answers
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A current account is a type of bank account that is most often used by individuals who run business. The accounts features provide account folders with high liquidity , which is a requirement for them to run their operations . IOB offers its customers 3 variants of the current account .
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Answer:
Indian Overseas Bank (IOB) was one of the many banks that was established prior to the country’s independence. The goal of forming the bank was to create a specialisation in business related to foreign exchange in the banking industry on a global level. At present, the bank has a number of branches within the country and branches in 5 other Asian countries.
Since its establishment, IOB has grown at an accelerated pace. It has expanded the scope of the products that it offers its customers. These products range from savings accounts to retail loans and insurance policies.
One of the many products that the bank offers its customers is the current account. A current account is a type of bank account that is most often used by individuals who run businesses. The account’s features provide account holders with high liquidity, which is a requirement for them to run their operations. IOB offers its customers 3 variants of the current account.