IDBI Bank on Tuesday announced the launch of video KYC account opening (VAO) facility for savings bank accounts.
With the new facility customer can open a savings account with the lender from the convenience of his/her home or office as there are no physical forms to be filled or visits to be made to the branch.
About Video KYC
Video KYC is a quick and easy way to open savings account from the comforts of your home.
It ensures that the online journey for opening savings account remains safe, simple, and fast eliminating the need to visit the branch for KYC.
Schedule
You can carry out the video KYC on any day except Sundays and Bank Holidays between 10 AM and 6 PM.
Interest Rates
IDBI Bank offers an interest rate of 3% on balance above ₹25 lakh to less than ₹50 lakh, and 3.3% for balance ₹50 lakh and above.
The Bank pays interest on deposits as per various deposit schemes.
Interest Rates are revised from time to time and made known to public.
IDBI Bank gives 2.9% to 5.10 % on deposits maturing in 7 days to 10 years to general customers, and 50 basis points (BPS) extra to senior citizens on these deposits.
Comment from Managing Director
“VAO – Video KYC Account Opening is yet another step in creating more digital journeys benefiting the customers.
This comes close on the heels of the “I Quick” mobile app based account opening and “WhatsApp Banking” facilities the Bank had launched recently.
The Bank is endeavouring to make more such customer friendly digital conveniences available for customer delight”.
Dear Readers, the contents of this articles are taken from the “Mint” only few points are edited by us.
