On June 04, 2020, IndusInd Bank Limited, an Indian new generation bank, has introduced a first-of-its-kind facility for customers to open current accounts (CA) through its ‘Indus Corporate’ mobile app.
Who will get benefitted?
Current account can be opened for all types of businesses including proprietorships, partnerships and private and public limited companies through this facility.
Faster and seamless account opening:
The process of opening a current account in the bank with the mobile app will be paperless and the account will be opened in a few hours. Bank officials can verify details of the customer and gather information about them and his/her business on a real-time basis.
Paperless KYC documentation:
- The customer will not need physical KYC (Know your Customer) documents to open an account in this manner & they will be given the freedom to choose his account number to open the account which they can easily remember.
- The account will become operational within 24 hours of opening the account.
Validation done from various Govt platforms: IndusInd Bank’s ‘Indus Corporate’ mobile app uses several ‘Application Programme Interface’ (APIs), which enables secure validation of KYC documents from authorized government platforms such as Goods and Service Tax (GST), Ministry of Corporate Affairs (MCA), National Securities Depository Limited (NSDL), Import Export Code (IEC) and Aadhaar etc.
About IndusInd Bank Limited:
Headquarters– Pune, Maharashtra
MD & CEO– Sumant Kathpalia
Chairman- Arun Tiwari
Tagline– We Make You Feel Richer