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IDBI Bank Launches Paperless Account Opening Facility for NRIs

The private sector lender, IDBI Bank has launched 'NRI-Insta-Online' account opening process for the Non-Resident Indians (NRIs) residing in the Financial Action Task Force (FATF) member countries. FATF is an inter-governmental body which devices policy and sets standards to promote effective implementation of legal, regulatory and operational measures to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system. The body has 38 member countries, including the US, UK, India, Japan, China, and France, among others.
Key details of NRI-Insta-Online account:
1.      In order to open an account with them bank, customers will not be needed to furnish physical documents and Know Your Customer (KYC) proofs.
2.      NRIs desirous of opening account can now access the 'NRI Insta-Online' on the bank's website via web module, upload the supporting documents and choose the branch in which the account needs to be opened.
3.      Once the uploading is successful and verification of documents is done, the account gets instantly opened and then a piece of electronic advice is sent to the customers.
This step by IDBI Bank is going to benefit NRIs living in nearly 40 countries. For more details click here https://www.idbi.com/nri-banking.asp

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