---
title: "Which Bank launched a paperless account opening facility for NRIs?"  
description: "Which Bank launched a paperless account opening facility for NRIs?"  
author: "Shrikant Mishra"  
published: 2019-04-25  
canonical: https://answers.mindstick.com/qa/52021/which-bank-launched-a-paperless-account-opening-facility-for-nris  
category: "banking"  
tags: ["banking", "nri"]  
reading_time: 2 minutes  

---

# Which Bank launched a paperless account opening facility for NRIs?

Which Bank launched a paperless [account](https://www.mindstick.com/articles/33699/how-tech-is-disrupting-the-accounting-world) opening facility for NRIs?

## Answers

### Answer by UTKARSHA SINGHROUL

**The IDBI Bank, “Industrial Development Bank of India” has launched the paperless account opening facility for NRIs.**

![Which Bank launched a paperless account opening facility for NRIs?](https://answers.mindstick.com/questionanswer/04e2a726-ccb2-4402-ae16-b7f3693dbc70/images/7b1e4880-816e-40c6-8c0e-4683b1e8b182.jpeg)\
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**IDBI Bank has launched the scheme named as 'NRI-Insta-Online' the process of account opening for NRIs living in Financial Action Task Force (FATF) as the member [countries](https://answers.mindstick.com/qa/51924/the-karakorum-highway-connects-which-countries)**. Non-Resident Indians **(NRIs), living in nearly 40 countries, will now be able to open an account in IDBI Bank without submitting paper [documents](https://answers.mindstick.com/qa/46758/what-documents-do-i-need-when-entering-the-eu-schengen-countries).** The person will not be required to furnish physical documents and KYC proofs for opening an account with the bank. \
**On the successful uploading and verification of the scanned documents, the account is instantly opened and a bit of electronic advice is sent to the [customer](https://answers.mindstick.com/qa/31282/how-can-i-develop-relationships-with-customers-through-digital-marketing)**. The FATF is an inter-governmental body which devices policy and sets standards to promote effective implementation of [legal](https://answers.mindstick.com/qa/39597/what-are-the-biggest-legal-concerns-with-using-social-media), regulatory and operational measures to combat money laundering, [terrorist](https://yourviews.mindstick.com/view/350/opposition-crying-for-proof-over-killing-terrorists) financing, and other threats related to the integrity of the International Financing System. \
**IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core [Banking](https://answers.mindstick.com/qa/39737/what-is-the-latest-innovation-in-banking-technology) platform with strong service orientation.** \
**The head office of IDBI is at Colaba, Mumbai in [Maharashtra](https://answers.mindstick.com/qa/32925/why-was-the-jury-system-abolished-in-india-specifically-making-reference-to-the-k-m-nanavati-vs-state-of-maharashtra)**. The **institute was founded 55 years ago on July 1, 1964**. The **owner institute of IDBI is [Life Insurance](https://answers.mindstick.com/qa/39203/who-has-won-the-gold-in-the-men-s-event-at-the-idbi-federal-life-insurance-new-delhi-marathon-2018) Corporation and the [Government](https://yourviews.mindstick.com/view/218/omg-is-it-a-government-school) of India**. The bank was instituted majorly for Financing, Promoting, and Developing Public and Private [Industries](https://answers.mindstick.com/qa/44951/who-is-the-minister-of-heavy-industries-public-enterprises-ministry) in India. \
On **May 2013, the bank was ranked 1197 in the ‘Forbes Global 2000**’ list. In the year 2011, it received ‘the best use of Business Intelligence and the Best Risk [Management](https://yourviews.mindstick.com/view/136/management-failure-led-cmp-student-on-roads-for-protest) from Indian Banks Association’ the Banking Technology Award.


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Original Source: https://answers.mindstick.com/qa/52021/which-bank-launched-a-paperless-account-opening-facility-for-nris

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