Indian Overseas Bank introduces Aadhaar OTP-based account opening and API services

Public sector Indian Overseas Bank has launched Aadhaar-OTP based account opening and API banking facilities coinciding with its 89th Foundation Day Celebrations, a top official said on Tuesday.

The initiatives were designed to offer simplified banking services to both individual and corporate customers.

The city-headquartered bank has introduced an Aadhaar OTP based account opening facility, enabling customers to open a savings account effortlessly through the bank website.