Go paperless! India's first mobile-only bank launched

Singapore's DBS bank, with branches in major cities of India, has launched the country's first mobile-only bank.

Last Updated: Apr 27, 2016, 10:27 AM IST
Go paperless! India's first mobile-only bank launched

Zee Media Bureau

New Delhi: Singapore's DBS bank, with branches in major cities of India, has launched the country's first mobile-only bank.

To woo customers can DBS has launched this Digibank service so that they can have a hassle free service by going paperless, signatureless as well as branchless.

Customers can easily open accounts by using their Aadhaar card and completing a biometric authentication.

The DBS digibank doesn't require any minimum balance and gives customers 7 percent interest for accounts opened. Customers can also make umpteen number of cash withdrawals at over 200,000 ATMs nationwide.