Financial Daily from THE HINDU group of publications
Friday, Sep 02, 2005
Financial Daily from THE HINDU group of publications Friday, Sep 02, 2005 |
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Money & Banking
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Public Sector Banks Marketing - New Products & Services IOB launches multi-city cheque facility Our Bureau
Chennai , Sept. 1 INDIAN Overseas Bank has launched a multi-city cheque facility for its corporate clients. This facility enables its customers to issue cheques payable at par at 40 centres across the country. Initially, it will be available to current account holders and those enjoying credit facilities, according to the bank. The maximum drawing per cheque is Rs 5 lakh. This facility will do away with the need for the bank's corporate clients to issue demand drafts for making payments. The bank will extend this facility to all its networked branches.
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