IndusInd Bank announced the launch of a first-of-its-kind assisted mobile application based facility, that enables the Bank to open current accounts for self-employed individuals and businesses digitally, in just a few hours
with the Bank’s state-of-the-art ‘Indus Corporate’ mobile app, bank officials
can now capture and verify information about customers and their businesses in
real-time, at the premise of the customer in a convenient and secure manner.
With this, customers can now experience a faster and seamless account opening
journey with the bank, without the hassle of arranging physical KYC documents
of themselves or their firm.
app uses multiple ‘Application Programme Interface’ (APIs) which enables
secured validation of KYC documents from authorised 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. The facility can be used to open current accounts for all kinds of
businesses including proprietorship, partnership as well as private &
public limited companies, among others.
about the initiative, Mr. Soumitra Sen,
Country Head – Consumer Banking, IndusInd Bank said, “IndusInd Bank has
always leveraged technology to provide path breaking banking solutions to its
customers. In line with this vision, we are delighted to introduce the
country’s first mobile based digital facility of opening a current
account. 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. This new proposition
is a testament to our commitment towards catering to the financial requirements
of self-employed individuals and businesses, thereby contributing to the
Government’s vision of providing ‘ease of doing business.”
seamless account opening: With the help of a digital journey, current accounts can
now be opened within a few hours, which helps customers to initiate their
business transactions faster.
Customers are given the privilege of choosing an account number of their choice
which they can easily remember
Customers need not go through the hassle of submitting physical KYC documents
which also helps in reducing the usage of paper
Accuracy of data: Details of the
digitally validated documents of the said entity and the authorised signatories
will be fetched directly from govt. databases using APIs
the account number is provided to the customer at the time of the account
opening procedure itself, the account is made operational within 24 hrs.
launch of the mobile application based facility for opening current accounts
comes close on the heels of our recent announcement on the expansion of our
video banking services, with the integration of a ‘Video KYC’ platform for
onboarding savings account and credit card customers.