DBS introduces Mutual Funds on digibank

NEW DELHI: DBS Bank, a leading bank in Asia, will now offer its digibank customers a unique experience of investing in mutual funds with a completely paperless and ‘signatureless’ on-boarding on its mobile-only banking platform.
According to a DBS press release, it is the only bank in India to offer this first of its kind offering that does away with filing of multiple forms to start investing in mutual funds.
The mutual fund on digibank will offer instant paperless onboarding allowing investors to start investments instantly and risk profiler, a specially curated tool that helps customers assess their risk preferences and accordingly presents a set of various right risk-mapped mutual fund schemes from leading Asset Management Companies (AMCs) to choose from.
It will also offer invest, sell and track mutual funds and SIPs on the go. Announcing the new mutual fund functionality on digibank, Shantanu Sengupta, Managing Director & Head — Consumer Banking, DBS Bank India said, “With digibank, our intention has always been to be digitally embedded in our customers’ evolving financial lifecycle and offering them a differentiated customer experience.”
Digibank, India’s first mobile-only bank has over 1.5 million customers since its successful launch in April 2016. It offers 7 per cent interest on savings account along with new age payment options such as Bharat QR, and UPI. (AGENCIES)osphere. (AGENCIES)

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