The private-sector lender has now went digital in the current account opening. For this the bank has come with a dedicated app using which bank reps will be able to open current account for self-employed and business class in a matter of few hours. This is a more convenient option as the current account opening usually takes a few days time on an average.
For this officials can gather all details of the concerned as well as business in real time at his premise in a secure manner. So all businesses, including proprietorship, partnership, LLPs, private and public companies can take the route to get their current accounts opened with the bank.
The app features OCR or optical character recognition technology that on recognition of characters on various proof documents auto-populates them on the app accurately and seamlessly. APIs are also made use of for validating the authentication of various KYC proofs from databases such as aadhaar, NSDL and IEC etc.
After all the relevant details of the individual and his business is auto-populated on the digital form then the summary and terms and conditions document is to be physically signed as a final and one-time authentication.