Kotak Mahindra Bank launches DigiLocker on Government of India’s platform

First bank in India to offer secured access, storage of documents on
Government of India’s platform

by Suman Gupta

Mumbai, March , 2017: In a move to support the Government of India’s Digital India and cashless initiative, Kotak Mahindra Bank (KMB) has become India’s first bank to launch access to DigiLocker on the Bank’s Net Banking platform. Through this platform, customers can eliminate the use of physical documents as Aadhaar-linked documents can be automatically fetched from Digilocker partner institutions. Customers can also download pre-verified documents themselves by providing some details. 

Customers only need a valid Aadhaar number to avail the DigiLocker. It is a free service with storage capacity of 1GB. They can upload scanned copies of their documents like Driving license, Voter ID, School Certificates, etc.  in their DigiLocker. They can share them with anyone using email, and can also electronically sign them using the eSign facility. KMB has provided single sign-on access to DigiLocker via Kotak Net Banking. 

Commenting on the launch, Shanti Ekambaram, President,  Kotak Mahindra Bank, said “We fully support Government’s agenda of digitisation and making India cashless. DigiLocker is targeted at paperless governance. It offers customers the convenience of uploading and accessing key documents on a single platform. This service is in-line with our philosophy of convenient digital banking solutions that solves real problems and simplifies banking.”

KMB will subsequently extend access to DigiLocker via Mobile Banking and other digital platforms as well.

About Kotak Mahindra Bank :Established in 1985, Kotak Mahindra Group is one of India's leading financial services conglomerates. 

In February 2003, Kotak Mahindra Finance Ltd., the Group's flagship company, received banking license from the Reserve Bank of India, becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Ltd. Effective April 1, 2015, ING Vysya Bank Ltd. merged with Kotak Mahindra Bank Ltd. 

As on September 30, 2016, Kotak Mahindra Bank Ltd. has a national footprint of 1,348 branches and 2,051 ATMs spread across 675 locations. The Bank has four Strategic Business Units – Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers across urban and rural India.