New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Which bank became the first public sector bank to extend

    the facility of execution of on-line locker agreement through Digital Document Execution (DDE) Platform of National E-Governance Services Limited (NeSL)?
    A Union Bank of India Correct Answer Incorrect Answer
    B Indian Overseas Bank Correct Answer Incorrect Answer
    C Indian Bank Correct Answer Incorrect Answer
    D UCO Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Indian Bank became the first public sector bank to extend facility of execution of on-line locker agreement through Digital Document Execution (DDE) Platform of National E-Governance Services Limited (NeSL). On-line locker agreement, which is available round the clock will enhance customer convenience and will reduce the turn-around time of the agreement execution.    DDE is a fully automated contract execution platform with paperless e-stamp and electronic signature (e-Sign) facility. The facility of e-Sign includes Aadhar based (OTP/Biometric) and dongle-based digital signature.   The platform offers individual and multiple signatories to execute document in sequence, which will facilitate joint account holders also to execute on-locker agreement at their ease. Customers can track transaction status and download the Electronic Evidence (65B) certificate in real-time.The end to end digital process eliminates the need for physical stamp papers and signatures, making it faster and more efficient.

    Practice Next

    Relevant for Exams: