Federal Bank unveils app for opening bank account

appFederal Bank has launched India’s first mobile App for opening bank account, the Bank said in an official release.

The new app, which was launched in Mumbai and Kochi, is an upgrade to FedBookits e-Passbook app.

“Anyone having an Aadhaar Card and PAN Card can now open a Savings Bank Account and get the Account Number instantly using a mobile from anywhere at any time, the Bank said.

To open an account, one has to just download FedBook in mobile and follow 3 easy steps – taking a selfie; scanning Aadhaar and PAN Card. Once the account is opened, the app turns into the digital passbook for the customer.

“The app is currently available on Android and iOS phones and will soon be available in windows and blackberry phones, the Bank said.

K A Babu, Head Retail Business, said, “Through this pioneering solution we are aligning ourselves with the nation’s digital ambitions, and by facilitating the opening of a Bank account with ease using a smart phone, the Bank has added a new dimension to digital banking. We are sure that the upgraded Fedbook will take us towards the larger digital audience and change the way Indians open a Bank account.”

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.