Which of the following banks has launched the ‘NRI-Insta-Online’ account-opening process for NRIs in 2019?

Correct option is D

· In 2019, IDBI Bank launched the 'NRI-Insta-Online' account-opening process for Non-Resident Indians (NRIs) residing in Financial Action Task Force (FATF) member countries.
· This initiative allowed NRIs to open accounts without submitting physical documents or visiting a branch.
· The process involved accessing the 'NRI-Insta-Online' module on IDBI Bank's website, uploading the necessary documents, and selecting the preferred branch for account opening.
· Upon successful verification, the account was opened instantly, and an electronic confirmation was sent to the customer.
Information Booster:
· FATF Member Countries: The Financial Action Task Force (FATF) is an inter-governmental body that sets standards to combat money laundering and terrorist financing. It comprises 38 member countries, including the US, UK, India, Japan, China, and France.
· Benefits of 'NRI-Insta-Online': This service provided a user-friendly platform for NRIs to open accounts remotely, eliminating the need for physical document submission and branch visits, thereby streamlining the banking experience for overseas customers