Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.197)

197. 

Which Bank launched a paperless account opening facility for NRIs?

[A]. Yes Bank
[B]. Axis Bank
[C]. ICIC Bank
[D]. IDBI Bank

Answer: Option D

Explanation:

IDBI Bank has launched 'NRI-Insta Online' account opening process for NRIs residing in Financial Action Task Force (FATF)member countries to open an account in the Bank without visiting the branch or submitting paper documents such as physical documents as well as KYC proofs. This online facility is available in IDBI Bank's website. FATF is an inter-governmental body founded in 1989, which devices policy and sets standards to promote successful implementation of legal, regulatory and operational measures to combat money laundering, terrorist financing and other similarthreats to the integrity of the international financial system.

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