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Federal Bank has launched what it claims to be India’s first mobile app for opening a bank account.
This mobile-phone-based account opening facility is an update to FedBook, an e-passbook app, which was launched two years ago.
Anyone having an Aadhaar card and PAN card can now open a savings bank account instantly using a mobile phone.
The new account can also be funded with an initial remittance not exceeding ₹10,000, a bank statement said.
Download FedBookTo open an account, one has to download the FedBook on one’s mobile phone and follow two easy steps — take a selfie, and scan the Aadhaar and PAN cards.
The App verifies the Aadhaar card in real time and opens the account on the click of a button.
Once the account is opened, the app turns itself into the digital passbook for the customer.
On Android, iOSThe app is currently available on Android and iOS phones and will soon be available on Windows and BlackBerry phones too.
The app was launched simultaneously in Mumbai and Kochi.
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