CURRENT AFFAIRS

Detailed explanation-1: -Chennai: Indian Overseas Bank has launched ‘IOB Trendy’, a Savings Account that has been thoughtfully customised keeping in mind the banking preferences of the growing millennial population in the country.

Detailed explanation-2: -IOB-Trendy. Nature of the Product. Savings Bank account targeted at Millennials loaded with special features and concession in service charges. Eligible Customers. Millennials (Age group 21 years to 38 years)

Detailed explanation-3: -Indian Overseas Bank (IOB) on Wednesday launched ‘IOB Trendy’, a savings account customised for the growing millennial population in the country by keeping their banking preferences in mind.

Detailed explanation-4: -Millennials want to carry out their banking activities with minimal fuss, and they routinely rely on technology to help them do it. Millennials are logging into their mobile banking apps most often to: Schedule person-to-person money transfers. Transfer funds between accounts.