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Bank of Baroda launches current account opening, pre-approved personal loan through tablet

Bank of Baroda launches current account opening, pre-approved personal loan through tablet

India Blooms News Service | @indiablooms | 03 Dec 2019, 11:56 am

New Delhi, Dec 3 (UNI) Public sector bank Bank of Baroda on Tuesday announced the launch of “BarodaTabit” for digitising the retail liability and retail asset products through tablet.

The bank has consistently been working towards innovative digital offerings and “Current Account Opening” and “Pre Approved Personal Loan” are part of digital transformation journey.

The Bank of Baroda has embarked upon digitizing its current account customer on-boarding process through tablets for instant account opening. The aim is to provide superior banking experience and ease of on-boarding customers over traditional channels.

This facility is available for sole proprietorship and individual current account holders and further will be extended to partnership and limited companies which is a unique offering in the industry.

The facilities of pre-approved personal loan under the digital product “Baroda Tabit” is available to existing saving bank account holders of the bank and loan limit is decided based on various parameters that includes balance, transactions and credit worthiness, Bank of Baroda Executive Director Murali Ramaswami said.