Saraswat Bank has become the first bank in the co-operative sector to launch an account opening app– Saraswat Bank 100+. This Smart Savings Account App with user-friendly interface opens an account in just a few minutes and users have the added advantage to choose their account number, says the press release issued by the bank.
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.
The Saraswat Bank 100+ application allows the opening of a new Savings Account through Aadhaar OTP authentication. The account would be opened based on applicant’s name, address, gender and Date of Birth registered with UIDAI. Only users who wish to opt-in for DBT (Direct Benefit Transfer) in this account can open the account through this service.
Final KYC formalities can be completed by the user by either visiting a 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 Play Store. Any individual who is an Indian resident of age 18 years and above can open an account through this app. It allows the user to open an account anywhere using his/her mobile phone with preferred account number thus enriching user experience.
The App, is user-friendly and provides instant access to account numbers. The tri-lingual app available in Marathi, English and Hindi requires Aadhaar OTP authentication.
