Jana Small Finance Bank, a scheduled commercial bank, has launched DIGIGEN– a digital banking platform that enables the customers for opening Savings Account, Fixed Deposits anywhere, and anytime in a moment.
DIGIGEN enrollment is a moderate three-step process to open an account. Following its brand promise ‘Paisa Ki Kadar’, customers are eligible for an attractive 4.5 percent per annum interest rates on Savings Account with no minimum balance is a requirement in their account and up to 7.50 percent per annum interest on Fixed Deposits. It also serves a bunch of other exciting features that include online bill payment, instant money transfers, and airport lounge access on the debit card.
The requirements needed to open a DIGIGEN account are that the customers are required to fill a form with their personal information with AADHAR and Permanent Account Number (PAN) as the Know Your Customers (KYC). Before updating to a full KYC account the bank the customers can deposit up to ₹1 Lakh in this account. Ajay Kanwal, MD & CEO of Jana Small Finance Bank stated that one does not need to be a technophile to open a DIGIGEN account, as they made the platform simple and user-friendly.
Jana Small Finance Bank, former Janalakshmi Financial Services (NBFC MFI), started in 2006 headquarters located in Bengaluru and has managed the journey of financial involvement, serving the deprived for over a decade. The bank started its operations about two years ago and is offering 40 lakh customers across 22 states and Union Territories in India. the company’s view is to become the leading overall digitized bank serving all customer segments and communities of an aspirational India. The bank has enlarged its digital range of services and products and recently introduced a unique UPI QR based loan EMI payment solution in collaboration with NPCI (a first amongst Small Finance Banks & NBFC MFIs). Jana Small Finance Bank has engaged with one of the leading network security company, to protect customers from phishing attacks. The bank made co-operation with ISO 27001 guidelines and the Reserve Bank of India to implement policies and information on cybersecurity. Based on these policies, it has imposed a detailed strategy for Application Security, Database Security, System Security, and Network Security along with a 24-hour Security Operating Centre(SOC) for monitoring all transactions in real-time.
