ICICI Bank UK PLC 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 24x7 instantly to any ICICI Bank account in India.
Speaking about the initiative, Mr. 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”.