Government owned Indian Overseas Bank (IOB) has announced the launch of Aadhaar-OTP based account opening and API banking services on its 89th foundation day. This initiative has been taken to make banking services easier, faster and more accessible.

Now bank account will be opened with Aadhaar OTP

Indian Overseas Bank has launched Aadhaar OTP based digital account opening facility. Now customers can easily open a savings account by completing the e-KYC process through the bank’s official website. The bank said, “This digital process follows the Reserve Bank of India (RBI) ‘Aadhaar’ OTP-based e-KYC guidelines, which will provide a secure and hassle-free experience to the customers.”

Minimal documents required

Now customers can avail instant banking services by opening an account with minimum documents. However, certain transaction limits have been set after opening the account, which can be removed after completing full KYC.

API Banking Service for Corporate Customers

To make corporate banking more convenient, Indian Overseas Bank has also launched API banking service. Under this service, corporate customers will be able to do transactions and inter-bank transfers in real-time by connecting their accounting systems directly to the bank.

Benefits of new banking facilities

• Fast and easy account opening process
• Facility to open bank account through Aadhaar OTP from anywhere
• Activate your account within minutes
• Automated Banking Solutions for Corporate Customers
• Secure and transparent transactions as per RBI guidelines

Digital banking will get a boost

This new initiative of Indian Overseas Bank will promote digital banking and customers will not need to visit bank branches. Now one can avail instant banking services by opening a bank account through Aadhaar OTP from mobile or computer. If you are also planning to open a bank account, then this new facility of Indian Overseas Bank can be beneficial for you.

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The post Bank New Facility: THIS Bank has launched Aadhaar-OTP based account Opening , Check full Details first appeared on Rightsofemployees.com.

Actually, if seen, PF is a kind of investment, which is very useful for us in future. PF accounts of employed people are opened by Employees Provident Fund Organization ie EPFO ​​and then a certain amount is deducted from the employee’s salary every month and deposited in these accounts and EPFO ​​also pays annual interest on this money. At the same time, you can also withdraw this money in the middle of the job or after leaving the job.

But the problem with many people is that their already linked bank account with PF account gets closed. In such a situation, they are not able to withdraw PF money. If you have this problem too, then you do not have to worry because we are going to tell you how to link your new bank account with your PF account.You can learn about this in the next slides…

• If for some reason you also want to link a new bank account with your PF account, you can
• For this you have to visit the official website of EPFO ​​unifiedportal-mem.epfindia.gov.in/memberinterface/
• After visiting the website, you have to enter the UAN number, password and captcha code given on the screen, which will login your account

• After login, you will see many options here, out of which you have to click on the managed option.
• Inside this you have to choose the option of KYC 
• Then here you have to click on the bank option you see.

• After this you have to fill all the details of your bank account here.
• Like- bank account number, bank name and IFSC code etc.
• Keep in mind that check the filled information once, so that nothing goes wrong.

• Now you have to click on the submit button
• Then after submission, the process of linking your bank account is approved by the HR department of your company and once approved, your bank account is linked to the PF account.

The post Bank account linked to PF account has been closed, so link new bank account like this sitting at home first appeared on Rightsofemployees.com.