ICICI Bank integrates ‘DigiLocker’ facility with its net-banking platform

April 03, 2017




Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, announced the integration of its retail internet banking platform with ‘DigiLocker’, an initiative of the Ministry of Electronics & Information Technology (MeitY), Government of India. ‘DigiLocker’ is an online repository platform for issuance, verification and storage of digital certificates and documents on cloud. With this integration, all savings account customers of ICICI Bank who have mapped their Aadhaar numbers with bank accounts can directly register and access ‘DigiLocker’ while they are logged in to their internet banking account. ICICI Bank offers this service free of cost.

 

Some of the salient features of ‘DigiLocker’ are listed below:

  • Users do not require separate credentials to access ‘DigiLocker’; once registered, they can directly login through the ICICI Bank net-banking platform without further authentication
  • Users can also access their digital documents anytime, anywhere and also share it online
  • Currently, over 20 organizations including the Unique Identification Authority of India (UIDAI), Central Board of Secondary Education (CBSE), Ministry of Road Transport, Ministry of Petroleum and Natural Gas, including various eDistrict applications are part of the ‘DigiLocker’ ecosystem

 

Commenting on the initiative, B. Madhivanan, Group Executive and Chief Technology & Digital Officer, ICICI Bank, said, “We are delighted to partner with the Government of India through this initiative and create an ecosystem wherein customers can register on the DigiLocker platform and access it later as well, directly through their ICICI Bank internet banking account. This integration will help us to uphold ICICI Bank’s rich legacy of leveraging the latest technology to bring in new paradigms in banking. With the increased adoption of digital technology, we will continue to offer diverse range of digital initiatives and amplify the Government’s efforts towards a digitally empowered community.”

 

Below are some benefits of ‘DigiLocker’:-

  • DigiLocker’ is available to all savings account customers, who have linked their Aadhar numbers with their bank accounts
  • ICICI Bank is offering this facility free of cost
  • Some of the other benefits include self-attestation in the form of digital signatures, easy authentication of documents, reduced carbon footprint as it eliminates paper usage as well as expediting document processing in availing various citizen centric document services

 

ICICI Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call center, internet banking (www.icicibank.com), mobile banking, banking on Facebook & Twitter and ‘PocketsbyICICIBank’ the country’s first digital bank on mobile. For updates, visit www.icicibank.com, follow us on www.twitter.com/ICICIBank

 

About ICICI Bank Ltd: ICICI Bank Ltd (NYSE:IBN) is India’s largest private sector bank by consolidated assets. The Bank’s consolidated total assets stood at US$ 144.7 billion at September 30, 2016. ICICI Bank's subsidiaries include India's leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms. It is present across 17 countries, including India.

 

Except for the historical information contained herein, statements in this release, which contain words or phrases such as 'will', 'would', etc., and similar expressions or variations of such expressions may constitute 'forward looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of non-performing loans, our growth and expansion in business, the adequacy of our allowance for credit losses, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. All reference to interest rates, penalties and other terms and conditions for any products and services described herein are correct as of the date of the release of this document and are subject to change without notice. The information in this document reflects prevailing conditions and our views as of this date, all of which is expressed without any responsibility on our part and is subject to change. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. ICICI Bank and the "I man" logo are the trademarks and property of ICICI Bank. Any reference to the time of delivery or other service levels is only indicative and should not be construed to refer to any commitment by us. The information contained in this document is directed to and for the use of the addressee only and is for the purpose of general circulation only.

 

For media queries, write to us at: corporate.communications@icicibank.com

 



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