Indian Overseas Bank (IOB) launches Online Death Claim Settlement Portal for claims up to ₹15 Lakh

Exam-focused facts from the 19 February 2026 current affairs briefing.

Key facts

Indian Overseas Bank (IOB) has launched an Online Death Claim Settlement Portal to provide a simplified digital solution for families and legal heirs.
The bank has implemented a simplified procedure for death claims up to ₹15 lakh, which requires no third-party surety.
IOB has committed to ensuring that these death claims are processed within a strict timeline of 15 days.
The portal features a real-time tracking system allowing claimants to monitor the progress of their application at every stage.
IOB also unveiled its new corporate website powered by the enterprise-grade Liferay Digital Experience Platform (DXP).