DBS Bank will now offer its customers a unique experience of investing in mutual funds with a completely paperless and signatureless on-boarding on its mobile-only banking platform called ‘digibank’, says a press release.
DBS claims that it is the only bank in India to offer this kind of offering that does away with filing of multiple forms to start investing in mutual funds.
According to the bank, the key features of this innovative service are instant paperless on-boarding, product risk profiler and investment tracker.
Announcing the new mutual fund functionality on digibank, Shantanu Sengupta, MD & 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. With fast growing awareness of mutual funds and adoption of digital banking, customers are increasingly seeking to make their own investments online in a simple manner without having to depend on traditional channels. Thus, this offering makes paperless onboarding, tracking and redemption in mutual funds a reality within minutes for our digibank customers.”
