CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has launched a face authentication-based savings bank account opening for customers?
A
FINO Payments Bank
B
Airtel Payments Bank
C
Paytm Payments Bank
D
India Post Payments Bank
Explanation: 

Detailed explanation-1: -Airtel payments bank has launched face authentication-based savings account opening for customers, becoming the first payments bank to offer the service. Face authentication based e-KYC is available at 500,000 banking points of Airtel Payments Bank in India.

Detailed explanation-2: -The first of its kind in India, Airtel Payments Bank is a one-stop solution to several traditional banking problems, such as endless queues or lengthy procedures to open a savings account. With Airtel Payments Bank, opening a savings account is a paperless process which takes only a few minutes.

Detailed explanation-3: -Step 1: Fill up a digital account opening form online. Step 2: Provide consent to the bank to fetch your Aadhaar details and enter your PAN number, then upload your photograph. Step 3: Click on a link and proceed for video KYC. Step 4: Allow the bank to access your mobile phone’s location, camera and microphone.

There is 1 question to complete.