SBI launches TAB banking and e-KYC

India’s largest lender State Bank of India (SBI) has launched three digital banking facilities for the convenience of SBI customers.

 

SBI will offer customers the facility to open accounts and avail of housing loans at their doorsteps through ‘Tab Banking’.

The third service is e-KYC (Know your Customer). 

 

Sales staff will visit customers in their homes and use tablets to get formalities like details of KYC and photographs of applicant for completed for account opening, a SBI statement said on Tuesday. 

 

Customer information will be loaded onto the bank’s centralised database and account numbers will be sent through SMS/e-mail. SBI will also offer TAB banking facility at the place of the housing loan applicant, for in-principle approval of home loan. 

 

SBI also announced launch of e-KYC services on Tuesday.

 

Under this facility, e-KYC certificate will be generated as an identity document.

 

Fingerprints of the customer will be captured and sent to UIDAI for authentication of identity and address proof.

 

The certificate will be used to open an account subject to satisfying other account opening requirements.