Kolkata: Axis Bank has announced to launch a full power Digital Savings Account that can be opened instantly with Video KYC in 4 simple steps to help the customers during this COVID19 pandemic.
The new feature gives a customer access to 250+ banking services online along with a virtual debit card named as ‘E-Debit Card’ with which customers can start transacting immediately after opening the account.
Sameer Shetty, Head – Digital Banking, Axis Bank said, “Our objective as a bank is to re-define the role we can play in the lives of our customers by adding convenience and ease in the new normal times, where digital access to banking services has become even more crucial. In our endeavor, we have elevated our Digital Banking proposition in a post-COVID World, with launch of our ‘Full Power Digital Savings Account’.”
He said, “The key differentiating factor is that the platform provides the customer with an end-to-end digital journey for opening a Savings Account. Further, our customers need not wait for a physical debit card to arrive in order to start making transactions. This is a step ahead in accelerating digital transformation through our services and providing full power in the hands of our customers.”
The 4 simple steps of the Video KYC process are: 1) Verification of customer via OTP, 2) Capturing of details required to open a Savings Account, 3) Initial Funding and, 4) A short video call with a bank representative to complete the KYC process.