New Delhi While the industrial and business activities were severely disrupted during the nationwide lockdown and most sectors recorded a decline in productivity, the country’s largest private bank HDFC Bank (HDFC Bank) added 2.5 lakh new customers in the last 40 days. Huh. The bank has added such a large number of new customers through an online facility that helps in opening an instant savings account. According to sources, the bank has also limited KYC provisions in this facility.
According to sources, customers have been given one year to update the entire information after opening an instant savings account in this facility. Instant account app ‘Instant Account App’ was launched on April 1 during the initial phase of lockdown by the bank. Banks were categorized as essential services during the lockdown. Banks opened their branches for reduced working hours with reduced staff during this period, but the number of customers coming to the bank branches had decreased.
At this time, the online facility introduced by HDFC Bank to open savings accounts proved to be quite successful. Sutras told that all 2.5 lakh accounts have been opened by new customers. There is a provision of minimum monthly amount in this facility of opening an account immediately. For these new bank accounts, HDFC Bank has set a monthly minimum amount of Rs 10,000 in metros, Rs 5,000 in towns and Rs 2,500 in rural areas. Also, the maximum deposit limit for these accounts has been kept at Rs 1 lakh.
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According to sources, most of the accounts have been opened from the Containment Zone and Red Zone in metros and urban areas. A lot of people have opened accounts from semi-urban areas and rural areas as well. These accounts have been opened by basic KYC details such as Aadhaar Card, Pen Number and OTP. These accounts have been activated immediately. According to RBI, a person can open only one account with limited KYC and the maximum amount limit for this account has been kept at Rs one lakh.
