ICICI Bank has announced the launch of a digital account opening facility that allows customers to open a personal current account instantly using the Bank’s mobile application.
The first-of-its-kind service by an Indian bank in the United Kingdom (UK), it enables Non-Resident Indians (holding an Indian or British passport) and expatriate Indians (holding an Indian passport) and moving to the UK for work, to open a current account.
Customers simply need to download the Bank’s mobile application called ‘ICICI Bank UK iMobile’. They do not need to visit a branch and know your customer (KYC) information is conducted electronically, enabling the account to be activated instantly which allows customers to start transacting immediately.
Customers will receive a contactless debit card at their correspondence address within a few days of opening the account, either in the UK or in India. They will also be able to remit money 24×7 instantly to any ICICI Bank account in India.
Loknath Mishra, MD & CEO, ICICI Bank UK PLC said, “ICICI Bank has always leveraged technology to pioneer digital innovations and provide a world-class banking experience to its customers. We have introduced the opening of a current account in a digital manner to further improve engagement with our customers. This unique proposition heralds a new era of opening an account within a few minutes, a marked improvement over opening a more traditional bank account which can take a number of days. We believe that ease of banking is a key parameter for individuals when they look for a banking partner. ICICI Bank remains committed to meeting customer banking needs in the UK as well as providing hassle free remittance services to India”.