"Along with enabling the customer to create an account that suits his or her lifestyle and banking preferences, the customisable savings account will also protect the customer from unwarranted charges by eliminating unnecessary account features," it said in a statement.
Customers can choose from options like debit cards, alternatives to minimum balance requirements, and banking benefits such as ATM usage, digital banking products, branch banking and family grouping, it said.
............................................................. Godrej Interio collaborates with IBM for e-commerce platform
IBM's design-based consulting and e-commerce capabilities will enable Godrej Interio to gain deeper customer insights by evaluating customers' observations, ideas, and insights by their browsing behaviour online and offline and Godrej Interio will use these insights to recommend home decor ideas, the company said in a statement.
More From This Section
"We believe design thinking is an innovative strategy and the most effective way to create a customer centric business model. With IBM's global expertise and local experience in the omni-channel commerce and retail space, we are confident this will give us the edge over competition," Godrej Interio Head - E-commerce and Digital Transformation Shanu Singh said.
Nearly two-thirds of Indians online support Prime Minister Narendra Modi's move to scrap Rs 500 and Rs 1,000 currency notes, a survey by a domestic consultancy has said.
"66 per cent of Indians online stand with Modi on demonetisation...People surveyed believe that pain will eventually help eradicate black money, fight corruption and reduce corruption," the survey by Nihilent Analytics said.
It, however, did not mention the number of people which were surveyed but said it was designed to listen to people's "articulated expectations as well as unarticulated aspirations".
22 per cent of people were extremely supportive of the mammoth exercise reaching its logical conclusion, while 24 per cent were very supportive.
Private insurer Edelweiss Tokio Life Insurance today announced the launch of - Wealth Ultima - a market-linked plan.
The ULIP product is a combination of systematic monthly plan (SMP), that helps accumulate wealth, systematic transfer plan (STP) that helps in wealth preservation and systematic withdrawal plan (SWP), which helps in wealth utilisation, the company said in a release issued here.
"With this innovative addition to our bouquet of need-based offerings, Wealth Ultima aims to savour a sense of freedom that is evoked, when one feels that he has chosen the right path of creating wealth," Edelweiss Tokio Life Managing Director and CEO Deepak Mittal said.
Bharti AXA General Insurance today said it has appointed Sanjeev Srinivasan as CEO and Managing Director.
Srinivasan joined Bharti AXA General Insurance in August 2016 as Chief Commercial and Principal Officer and now takes over the role of CEO and MD.
His main focus will be to drive Bharti AXA's go- to-market strategy of creating a balanced portfolio, driving new distribution tie-ups and creating a customer centric brand to drive profitable growth.
"As the organisation enters the next phase of growth, we are delighted to have Sanjeev onboard. We have built a strong business with a seasoned and experienced team and I am confident that with his rich experience, Srinivasan will spearhead the growth of the company in this phase," Bharti AXA General Insurance Chairman Rakesh Bharti Mittal said.