IDBI Bank launches Instant Online Account for NRIs

NEW DELHI, Apr 16: State-owned IDBI Bank has launched NRI-Insta-Online account opening process for Non Resident Indians residing in Financial Action Task Force (FATF) member countries.
This process eliminates the requirement of submission of physical account opening forms and physical KYC proofs for opening the account and therefore comes as a relief for NRIs residing abroad, the bank said in a statement here.
NRIs desirous of opening account can now access the NRI Insta-Online on the bank’s website via web module, upload the supporting documents and choose the branch in which the account needs to be opened.
On successful upload and verification of the scanned documents, the account is instantly opened and an electronic advice is sent to the customer.
This is a user-friendly initiative that will help the NRIs to open the account without any need to visit the branch or submit physical documents, it added.