The Financial Express

EBL launches first e-KYC account in Bangladesh

| Updated: June 02, 2020 20:03:13

EBL launches first e-KYC account in Bangladesh

Eastern Bank Ltd (EBL) on Sunday introduced an instant account opening solution – EBL INSTA Account – first of its kind in Bangladesh under e-KYC guideline.

The leading private commercial bank (PCB) launched the solution to help customers and employees maintain maximum possible social distancing during COVID-19 pandemic. 

Interested person can open such account within a minute, according to the EBL. 

Talking to the FE, an EBL official said this account will be opened with the NID of the customer, and will offer debit card as well as free cheque book facilities.

He also said EBL Insta Account comes in both Current and Savings variant, and is available in all EBL branches.

“This initiative will minimise the total time spent by customers in the bank, while ensuring them top quality digital banking solutions,” the private banker explained.

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