IndusInd Bank Mobile App: IndusInd Bank has launched India’s first mobile app-based facility for opening current accounts in a paperless manner. IndusInd is the first bank in India to introduce a mobile app-based process for opening current accounts in a few hours, the company said in a statement today. The first-of-its-kind assisted mobile application based facility enables the Bank to open current accounts for self-employed individuals and businesses digitally, in just a few hours.
Gone are those days when you have to go to the bank with your Know Your Customer (KYC) documents to open a bank account. Equipped with the bank’s “Indus Corporate” mobile app, bank officials can now capture and verify information about customers and their businesses in real-time, the private sector lender said.
The app uses multiple application program interfaces (APIs) which enable secured validation of KYC documents from authorized government platforms such as the Goods and Service Tax (GST), Ministry of Corporate Affairs (MCA), National Securities Depository Limited (NSDL), Import Export Code (IEC) and Aadhaar.
“With this, customers can enjoy a swift and seamless account opening experience that eliminates the need for undertaking physical authentication of documents, which can be time-consuming,” said Soumitra Sen, country head for consumer banking at IndusInd Bank.
While the account number is provided to the customer at the time of the account opening procedure itself, the account will be operational within 24 hrs, the bank said. With this new facility, opening a bank account becomes easier than ever and less time-consuming.
Recently, IndusInd Bank had also expanded its video banking services, with the integration of a ‘Video KYC’ platform for onboarding savings account and credit card customers.
IndusInd Bank has 1,911 branches and banking outlets along with 2,760 ATMs spread across 751 geographical locations of the country. It also has representative offices in London, Dubai and Abu Dhabi.