The Saraswat Bank has become the first bank in the co-operative sector to launch an account opening app, ‘Saraswat Bank 100+,’ says a press note issued here.
This smart savings account app with user-friendly interface instantly opens an account in just a few minutes and users have the added advantage to choose their account number.
It is a multilingual (English/Hindi/Marathi) mobile app which provides a simple, seamless, paperless and secure way for the applicant to open a savings account.
Saraswat Bank 100+ Application allows the opening of a new savings account through Aadhaar OTP authentication.
The account is opened based on applicant’s name, address, gender and date of birth registered with UIDAI.
The only users who wish to opt for direct benefit transfer (DBT) in this account can open the account through this service.
Final KYC formalities can be completed by the user by either visiting selected branch or an official can visit the user’s residence and complete the procedure through Tab Banking Facility. The app is currently available on Google Playstore. Any individual who is an Indian resident of age 18 years and above can open an account through this app, mentions the press note.