IOB launches online portal to generate PIN using Tamil phrases IOB CO
News Updates

IOB launches online portal to generate PIN using Tamil phrases

The Public sector Indian Overseas Bank has introduced 'Akshara', a new online portal designed to simplify and enhance the security of PIN generation for its customers

PSU Watch Bureau

New Delhi: The Public sector Indian Overseas Bank has introduced 'Akshara', a new online portal designed to simplify and enhance the security of PIN generation for its customers.

It aims to provide a convenient and user-friendly way for account holders to generate Debit card PINs.

PSU Watch is now on Whatsapp Channels. Click here to join

According to bank officials, traditional PINs generated by users for accessing credit or debit cards, are based on easy identifications like birthdays or sequential numbers posing security risks to customers. Recognising this, Indian Overseas Bank has launched the new portal that allows users to generate PIN using Tamil words or phrases that are personally meaningful yet difficult for fraudsters, the Chennai-headquartered bank said in a press release.

Commenting on the occasion, Indian Overseas Bank MD and CEO Ajay Kumar Srivastava said, "We believe that technology should serve as a bridge, not a barrier. By introducing the PIN generation facility in Tamil, we are not only embaracing the power of digital banking but also honouring the linguistic preferences of our valued customers."

"This is a meangingful stride towards accessible and inclusive banking," he said.

Bank customers interested in utilising this service need to access the website www.aksharapin.iob.in.

The Tamil language portal has been designed with a focus on simplicity and security. It aligns with the bank's vision of harnessing technology to deliver customer-centric solutions that resonate with India's diverse cultural and linguistic heritage, the release added.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

1.6 MMT crude oil, 200,000 T of LNG imports stuck in Strait of Hormuz: Govt official

Govt offers 10% more commercial LPG supplies to states for fast-tracking PNG rollout

CMPDIL garners Rs 470 crore from anchor investors ahead of IPO

PESB names Kundan Kumar Mishra for MMTC's Director (Finance) post

Satish Kumar Sinha set to be next Director (Finance) of GAIL