CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which Bank has introduced a first-of-its-kind facility for customers to open current accounts through its mobile app?

A	Federal Bank
B	Dhanlaxmi Bank
C	Axis Bank
D	IndusInd Bank Limited

Explanation:

Detailed explanation-1: -IndusInd Bank has recently launched a mobile application-based facility for opening a current account, thereby becoming the first bank in the country to do so.

Detailed explanation-2: -Now IndusInd is the first bank in India to introduce this assisted mobile application based facility.

Detailed explanation-3: -ICICI Bank was the first bank to introduce internet banking facility in the country in order to enable individuals and corporates to transact online without visiting the branch. It was also the first bank to start mobile banking in the country.

Detailed explanation-4: -Best Current Accounts in 2023 IndusInd Bank: Free fund transfer benefit via NEFT, RTGS, and IMPS. HDFC Bank: Pre-approved loans on current account deposits. Kotak Mahindra Bank: Convert current account balance to term deposits. SBI: Surplus funds in the current account are transferred to the term deposit account.

There is 1 question to complete.