Chennai

IOB’s mobile ATM launched

Deputy Chief Minister M.K. Stalin, inaugurating IOB Mobile ATM Service at Secretariat on Monday. S.A. Bhat, Chairman & Managing Director, IOB is also seen. Photo: R. Ragu

Deputy Chief Minister M.K. Stalin, inaugurating IOB Mobile ATM Service at Secretariat on Monday. S.A. Bhat, Chairman & Managing Director, IOB is also seen. Photo: R. Ragu   | Photo Credit: R. Ragu

Deputy Chief Minister M.K. Stalin on Monday launched Indian Overseas Bank (IOB)’s mobile ATM (automated teller machine) service.

S.A. Bhat, IOB Chairman and Managing Director, said the service was meant to serve the Bank’s customers in north Chennai where the number of stationary ATM outlets was less. Depending upon the response, the service would be improved. His organisation planned to increase the total number of ATMs in the country from 700 to 1,000 by March.

T. Thenappan, IOB General Manager of Chennai Region-1, said of the 71 ATMs in the city, 20 ATMs were in north Chennai. There would be an armed guard for the mobile ATM outlet, which would be insured too. The mobile service would not be available in the outskirts of the city.

It would be available in Royapuram (near St. Theresa School), Washermenpet (NPL Agasthaya apartment), Parrys’ Corner (Madras High Court), Vyasarpadi (Electricity Board office in Kannadasan Nagar) and Wall Tax Road (Rettapailliar Koil Street), according to an official release.

A letter from the Editor


Dear reader,

We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. However, we have a request for those who can afford to subscribe: please do. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. We promise to deliver quality journalism that stays away from vested interest and political propaganda.

Support Quality Journalism
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Jun 2, 2020 2:51:39 PM | https://www.thehindu.com/news/cities/chennai/IOBrsquos-mobile-ATM-launched/article16811852.ece

Next Story