Finance Minister Arun Jaitley launched Federal Bank's FedBook Selfie, India’s first mobile app for bank account opening.
Federal Bank has introduced this unique bank account opening app as an upgrade to FedBook, its e-passbook app, which was a trendsetter at the time of its launch two years ago.
“The Fedbook Selfie is a game changing mobile app and the first of its kind in India and maybe the world.
“The app allows you the luxury of opening your account from wherever you are, while being compliant with all regulatory guidelines,” said Shyam Srinivasan, Managing Director and CEO, Federal Bank.
Customers having an Aadhaar and PAN cards can now, using the Selfie app, open a savings bank (SB) account through his/her smartphone from anywhere at any time and receive the account number instantly.
To open an account, one has to download the FedBook on the mobile phone and carry out the following steps — take a selfie, scan the Aadhaar and PAN cards.
The app verifies the Aadhaar card in real-time and opens the account at the click of a button.
Once the account is opened, the app turns itself into the digital passbook for the customer.
With its intuitive features, FedBook has made account opening more convenient and simpler. The app is currently available on Android and iOS phones.