Equipped with this digital account-opening-application, bank officials can now capture information about the customer and the business digitally and verify KYC documents in real-time. With this, customers can enjoy account opening experience with the bank without the hassle of arranging lengthy paper-work like physical photographs and photocopies of KYC documents of themselves and their company.
Once all the relevant details are captured in the digital form, a summary of the account opening form and most important terms & conditions is required to be signed physically by the customer as a one-time authentication.
This facility can be used to open current accounts of various kinds of businesses including proprietorship, partnership, private & public limited companies as well as limited liability partnership firms, among others in a few hours, the bank said.
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