Want to open account in IDBI Bank? Video KYC Account Opening facility is here

IDBI Bank Account Opening: IDBI Bank has announced the launch of Video KYC Account Opening (VAO) facility for Savings Bank Accounts. Through VAO, a customer can open a savings account with IDBI Bank from the convenience of his/her house or office as there are no physical forms to be filled and no visits to be made to the  branch for opening  one’s Savings Bank account.

Suresh Khatanhar, Deputy Managing Director, IDBI Bank inaugurated a centralized Video-KYC hub at Mumbai.

According to IDBI Bank, VAO is a completely contactless and paperless mode of on-boarding the customer and tailor made for the demands of post pandemic world.

Commenting on the occasion of launch of Video KYC Account Opening (VAO) facility for IDBI Savings Bank Accounts, Suresh Khatanhar, Deputy Managing Director, IDBI Bank said, “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."

Earlier, the Board of Directors of IDBI Bank had approved raising funds up to Rs 6,000 crore by issuing equity shares through qualified institutional placement (QIP). "The Board at its meeting held on October 29, has passed a resolution for approving the raising of funds for an amount not exceeding Rs 6,000 crore through issue of equity shares through qualified institutions placement subject to approvals of the regulatory and/or statutory authorities, as applicable," the bank said in a regulatory filing.

Several banks, both in the public and private sectors have so far raised or plan to raise capital to strengthen their buffer amid the pandemic.