Bank of India today has significantly boosted its commitment to the National Pension System (NPS) by launching its digital mode for NPS enrollment in association with K-fintech.
Customers can now open the NPS account on their mobile in a hassle-free & paperless manner simply by scanning the QR code.
She inaugurated the new digital platform. Supratim Bandyopadhyay, Chairman, Pension Fund Regulatory and Development Authority (PFRDA), in the presence of Sh. A K Das (MD & CEO) Bank of India, Sh. Swarup Dasgupta (Executive Director, Bank of India), Sh. M Karthikeyan (Executive Director, Bank of India) and Ms. Monika Kalia (Executive Director, Bank of India) joined the event virtually from their Corporate Office in Mumbai.
The digital process of account opening is simple, fast, and completely paperless, making it easier for customers to open a new account in just a few clicks. Further, new subscribers can also make additional contributions through QR codes.
Speaking on the sidelines of the occasion, Sh. Supratim Bandyopadhyay, Chairman, PFRDA, said, “We are happy to announce that Bank of India has launched its digital mode in association with K-fintech for new NPS registration. I believe that this digital initiative by the Bank will dynamically complement our efforts in realizing our vision of a pensioned society.”
Sh. A K Das, MD & CEO, Bank of India, said, “ The NPS scheme offers several benefits to subscribers to enhance and secure their future. Through our technological integration with K-fintech, We have made the NPS subscription process easy, fast, and hassle-free for the customers.” He further added that he firmly believes this technological advancement will act as an impetus to significantly help others grow NPS accounts.
Among the other attendees was Sh. A G Das, Executive Director, PFRDA and Sh. Mono Phukon, CGM PFRDA along with Sh. D S Shekhawat, GM, Government Business Department, BOI, and Sh. Mukesh Sharma, ZM, New Delhi, BOI, and the K-fintech team.
About Bank of India
Established in 1906, it was founded on 7th September 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969, when it was nationalized along with 13 other banks.
It occupies a premier position among the nationalized in business volume. Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees, has rapidly grown over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. Presently has over 5000 branches domestic branches located all over India, besides an overseas presence in 18 foreign countries spread over five continents – with 45 offices, including 4 Subsidiaries, 1 Representative Office, and 1 Joint Venture, at essential banking and financial centers viz., Tokyo, Singapore, Hong Kong, London, Paris, New York, and DIFC Dubai.
This article was shared with Prittle Prattle News as a Press Release.
