Aadhaar Link with Karur Vysya Bank Account

The Karur Vysya Bank is a Tamil Nadu based private bank. It was established by Shri. M.A Venkatarama Chettiar and Shri. Athi Kumar Chettier in 1916. The bank started with a net capital of 1 lakh rupees. Today it operates a network of more than 700 branches and more than 1000 ATM’s all over the country.

Steps to Link Aadhaar With KVB Account

The Government of India has made it mandatory to link Aadhaar with all bank accounts and has also made Aadhaar a mandatory KYC document while opening a new bank account.

The government has also stated that in order to avail the benefits of Government subsidies and schemes, the Aadhaar- bank account link is compulsory. The linking process must be completed by end of December 2017 after which all the Aadhaar fewer cards will be rendered invalid. The Karur Vysya Bank provides two options to its customers to link Aadhaar with their bank account. The details of both methods are given below:

Link Aadhaar with KVB Account Online

The online method requires that an account holder to first register himself or herself in KVB online portal.After the registration process is completed the user will be provided with a user id and password. The following steps must be taken to complete the process of Aadhaar- account linking.

  • Visit the official website of Karur Vysya Bank.
  • Continue to log in using your user id and password.
  • After successful log in click on “Aadhaar update” under the “services” option
  • Now, select the account number with which the Aadhaar number is to be linked.
  • Fill in the 12 digit Aadhaar number in the appropriate box and click on “submit”.
  • After this, the bank will verify the details provided by the customers and will automatically link the Aadhaar number with the bank account.
  • Once the linking process is completed an SMS or Email confirming the same will be sent to the registered mobile number or Email id of the user.

Link Aadhaar with KVB Account Offline

The offline method requires the user to carry both the original as well as a photocopy of the Aadhaar card and the bank’s passbook. The following steps must be taken in the offline method.

  • Visit your nearest Karur Vysya Bank branch.
  • Collect and fill the form to link Aadhaar with the bank account.
  • Submit the completed form to the bank authorities along with the necessary documents.
  • The documents will be returned back once the verification process is completed.
  • After successful verification, the bank authorities will link the Aadhaar number with the bank account.
  • Once the Aadhaar and the bank account gets successfully linked a confirmation SMS about the same will be sent to the registered mobile number or Email id.

Aadhaar Link With Federal Bank Account

The Aadhaar card refers to the Indian biometric identity card that comprises of a 12 digit number which is unique to every individual. This means that the Government of India has provided a unique number for the identification of all Indian citizens. The Aadhaar card cannot be used as a proof of citizenship but can be used as a proof of address and identity. Another unique feature is that it also comprises of the biometric details of an individual. Recently the government has made it mandatory for every Indian citizen to link their Aadhaar cards with their bank account. This has been done to eradicate fake accounts and ensure that the government money which is meant for the poorer section of the society is directly sent to their account without any interference from any middleman.

About Federal Bank Of India

The Federal of India which was initially called the Travancore Federal Bank Limited was established in the month of April 1931 in Travancore. The bank was renamed as the Federal Bank of India in 1949, with the completion of the formalities of the Banking Regulations Act of 1949.The bank started with a net capital of rupees 5000. Today it has a network of more than 12000 branches and more than 1600 ATM’s all over the country.

The Federal bank is known for providing product and services which reflect a perfect blend of innovation and responsibility towards their customers. For instance it the was the first bank in India to introduce electronic passbooks called “Fedbooks”. This is a mobile application that can be used by the bank’s customers to check their passbook details anytime and anywhere in the country. It does not end here, the bank in 2015 introduced the first mobile application to open a bank account. With the help of this mobile app, a person can anytime open a Federal Bank account by simply using his or her PAN card and Aadhaar card.

Link Aadhaar With Federal Bank Account

Now, linking Aadhaar card with the bank is also compulsory to avail all government schemes like subsidies. There are two ways by which Aadhaar can be linked with the Federal Bank account. A person can either link it online by visiting the official website of the bank or offline by visiting the nearest bank branch. The steps of both the online as well as the offline methods are given below:

Link Aadhaar with bank account online

In order to complete the Aadhaar linking process online, one must first register himself or herself with Federal Bank’s internet banking facility. After this the following steps must be taken to complete the process:

  • Visit the official website of the Federal Bank of India.
  • Click on “Personal banking” and then continue to log in.
  • Fill in your user id and password in the appropriate boxes.
  • Once you have successfully logged in click on “Aadhaar seeding or Aadhaar linking” request.
  • After this, fill in your 12 digit Aadhaar number.
  • Confirm all the details once again and then click on “submit
  • Once the request is successfully submitted a confirmation message about the same will shown on the screen.

Link Aadhaar with Federal Bank account offline

For the offline method, a person must carry both the original as well as the xerox copy the Aadhaar card and the bank’s passbook to the nearest bank’s branch. The following steps must be taken to complete the linking process.

  • Visit the nearest branch of Federal Bank of India.
  • Fill the form to link Aadhaar with bank account available at all the bank’s branches.
  • After filling in all the details in the form submit the same to the bank’s authorities.
  • The bank’s authorities might ask for the documents for verification.
  • The documents will be returned back after the verification process.
  • Once the verification, the Aadhaar number will be linked with bank’s account manually by the bank’s authorities. An SMS or Email will be sent to the registered mobile number or email id confirming the same.

Aadhaar Link with IndusInd Bank Account

The IndusInd bank is a commercial private bank which was set up in the year of 1994 by the then Honorable Finance minister, Manmohan Singh. It has derived its name from the famous Indus Valley Civilization. The bank started its work with a net capital of 1 billion rupees. Today the bank has more than 1000 branches and more than 1800 ATM’s all over the country.

IndusInd bank ranks 19 in the list of 50 most valuable Indian Banks in 2014. Since its inception, the bank has continuously shown its efforts towards brand building by investing in numerous advertisement and marketing programs. In fact, it is known for its various programs for being both innovative as well as far-sighted.Some of it unique programs include 365 days banking, cash on mobile, check on cheque, direct connect etc. The bank has a “video branch” by which customers can do video conference with the bank’s stuff.

How To Link Aadhaar Card With IndusInd Bank Account

The Government of India has recently made it mandatory to link Aadhaar with all bank accounts. This step has been taken with the view of better identification of the all account holders and also to do away with fake accounts. There are various avenues by which Aadhaar can be linked with IndusInd Bank account. The steps of various methods are mentioned below:

Link Aadhaar with IndusInd Bank Account Offline

In order to link Aadhaar with the bank account, the account holder must carry both the photocopy as well as the original copy of the Aadhaar card and the bank passbook. He or she must also carry the form to link Aadhaar with the bank account. This form is available on the official website of the bank. One must first download it and then take a print of the same to the bank branch. The following steps must be taken compete for the linking process offline:

  • Visit the nearest branch of the IndusInd Bank.
  • Submit the form which you have downloaded earlier to the bank authorities. All the details in the form must be filled and then submitted.
  • After this, the bank authorities might ask for the documents for verification.
  • Once the verification process is completed all documents will be handed back to the account holder.
  • After the successful completion of the verification process, the account will be manually linked with Aadhaar card by the bank authorities.
  • Once the linking process is completed a confirmation email or SMS about the same will be sent to the registered mobile number or email id.

Link Aadhaar with IndusInd Bank Account Online

In order to link Aadhaar with bank account online, one must first create his or her user id and password in the bank’s official website and must know the 12 digit Aadhaar number. The following steps must be taken to complete the linking process:

  • Visit the official website of IndusInd Bank.
  • Now, log in using your user id and password.
  • After this, click on the link “Registration of Aadhaar number in internet banking”.
  • Enter the 12 digit Aadhaar number in the appropriate field provided for it.
  • Now, confirm the Aadhaar number again and then click on “submit”.

Link Aadhaar with IndusInd Bank Account via SMS

Customers can also link Aadhaar with their IndusInd bank account by sending a simple SMS from the mobile number which they have registered with the bank. To avail this service they must first register themselves with the bank for bank alerts.The SMS must be sent in the following format:

  • Type the keyword “Aadhaar” and send it to 56161.
  • bOnce the Aadhaar is successfully linked, an SMS will be sent to the registered mobile number about the same.

Link Aadhaar with IndusInd Bank Account via ATM

The following steps must be taken to link Aadhaar with the bank account via ATM

  • Visit your nearest IndusInd ATM.
  • Select “Aadhaar registration” under “service” category.
  • Enter the Aadhaar number twice in the ATM.
  • Once Aadhaar is successfully linked a receipt will be produced confirming the Aadhaar request by the customer.

It must be noted that after using any of the above methods an SMS or email will be sent to the registered mobile number or email id once the linking process is completed to confirm about the same.

HDFC Bank

The full form of HDFC is Housing Development Financial Corporation. This is banking and a financial institution having its headquarters in Mumbai, Maharashtra. The bank has a successful network of 4727 branches with 12,220 ATMs across 2,666 cities/towns and has over 84, 325 employees. The HDFC Bank was incorporated in the year 1994 and its first corporate office with a full-service branch is located at Worli, Mumbai and it was inaugurated by Dr. ManMohan Singh, the Union Finance Minister. The bank has its branches in Bahrain, Hong Kong, and Dubai. Let’s peep into the timeline of the HDFC Bank.

  • 1994- The bank was first incorporated by Housing Development Financial Corporation. The bank was the first one to receive an approval from the Reserve Bank of India.
  • 1995- The Bank commenced operations as a Scheduled Commercial Bank.
  • 1996- The bank was appointed as the clearing bank by the National Securities Clearing Corporation Ltd. (NSCCL)
  • 1997- The bank launched retail investment advisory services.
  • 1998- The bank launched their first retail lending product, loans against shares.
  • 1999- Launched real-time net banking.
  • 2000- The Times Bank Ltd. Owned by Bennett, Coleman merged with the HDFC Bank. This was the first merger of the two private banks,
  • 2001- The bank started the Credit Card Business and it became the first private sector bank to get authorized by the Central Board of Direct Taxes (CBDT) as well as the RBI to accept direct taxes.
  • 2001-02- The bank entered in the list of New York Stock Exchange. It is also tied up with LIC and introduced the online payment facility for paying an insurance premium to the customers.
  • 2002-03- The bank introduced more ATMs and branches and expanded their presence in the merchant acquiring business.
  • 2003-2004- The bank expanded the distribution network of branches from 231 to 312 and 732 to 910 number of ATMs. In 2001, they also introduced Housing Loan Business and started selling HDFC Home Loan Product.
  • 2005-2006- The bank launched no-frills account, this is a basic savings account that is offered to the customers.
  • 2006-2007- The bank introduced direct lending to the Self Help Groups. They also started an individual branch for lending the Self Help Groups in Thudilayur Village (Tamil Nadu). The bank increased their stake in HDFC securities from 29.5% to 55%. Later HDFC Securities became the subsidiary of the bank.
  • 2007-2008- HDFC Financial Services became the subsidiary company and opened 19 branches in a day in Delhi and National Capital Region (NCR).
  • 2008-2009- The bank merged with Centurion Bank of Punjab and started to effect from May 23rd, 2008.
  • The bank also opened their first overseas branch in Bahrain. The bank offers different banking services including the treasury and trade finance products for the corporate clients and the wealth- management products for the Non-resident India.
  • 2009-11- The bank opened around 1725 branches in 779 cities and the ATMs increased from 4,232 to 5, 471.

Awards and Achievements

  • The bank also received “The Best Banking Performer” in India in the year 2016 by Global Brands Magazine.
  • Received best-performing branch in Microfinance in the year 2016 by NABARD.
  • Received Bank of the year and best bank in Digital Marketing Initiative Award 2016.

Bank of Baroda

Bank of Baroda is an Indian state-owned International Banking and Financial Services company. The bank has its headquarters in Vadodara which was earlier called as Baroda, in Gujarat. It has a corporate office in Mumbai. The Bank was found by the Maharaja of Baroda, Maharaja Saiyajirao Gaekwad III on 20th of July 1908 in the Princely State. The Bank of Baroda is one of the leading commercial banks in India. The Bank provides personal banking which includes deposits, Gen-next services, retail loans, credit cards, debit cards, services and lockers etc. It also provides business banking which includes deposits, loans and advances, services and lockers; Corporate banking which includes wholesale banking, deposits, loans and advances and services and International Business which includes Non-Resident Indian Services, Foreign Currency Credits, Off-shore Banking, Export Finance, Import Finance, Correspondent Banking, Trade Finance and International Treasury.

The Bank also offers some other services like Domestic Operations and Forex Operations. They also provide the rural bank services which includes deposits, priority sector advances, remittance, collection services, pension and lockers. The bank also offers fee based services like cash management and remittance services. The bank opened its first branch in the year 1919 in Mumbai and the first International Branch was opened on 1953 in Mombasa, Kenya.

From 1953-1969

  • The bank opened three branches in Fiji, Five Branches in Kenya, three branches in Uganda and one each in London and Guyana.
  • In the year 1958, Hind Bank merged with Bank of Baroda.
  • In 1962, the New Citizen Bank merged with the Bank of Baroda.
  • In the year 1964, the Umargaon People’s Bank and Tamil Nadu Central Bank combined with the Bank of Baroda.

From 1969-1974

  • On July, 1969 the Bank was nationalized and changed its name from Bank of Baroda Ltd. To Bank of Baroda.
  • The Bank opened three branches in Mauritius, two branches in UK and one branch in Fiji.
  • In 1974, the Bank opened two branches in UAE, one at Dubai and another at Abu Dhabi.

From 1976-1988

  • In the year 1976, the Bank sponsored the first of their 19 Regional Rural Banks.
  • In 1977, then opened Gram Vikas Kendra (GVK) an innovative model for integrated rural development.
  • In 1984, the Bank launched their credit card options.
  • In the year 1988, the Traders Bank merged with the Bank.

From 1991-1999

  • The Bank established Housing Finance Subsidiary in 1991. They also introduced subsidiaries for business of credit cards (BOBCARDS), asset management (BOB AMC) and capital market activities.
  • In December 1996, the Bank entered the capital market with an initial market offering.
  • In the year 1997, the Bank opened a new branch in Durban.
  • In 1999, the Bank commenced operations as depository. In the same year, the Bareilly Corporation Bank merged with the Bank of Baroda.

From 2000-2004

  • In the year 2000, the Bank appointed Arthur Andersen India Pvt Ltd as the risk management consultant for setting up a Comprehensive Risk Management Architecture for the Bank.
  • In the year 2001, they established Separate Risk Management Department and specialized Integrated Treasury Branch.
  • In the year 2002, the Benares Bank merged with Bank of Baroda.
  • In 2004, the South Gujarat Local Area Bank merged with the Bank of Baroda.

From 2004-2007

  • In June 1st 2004, the Bank signed a MoU with National Insurance Company Ltd.
  • In 2004-05, the Bank expanded the network with an ATM network to cross 501, which is spread over 180 centers in the country.
  • The Bank also introduced 8 AM to 8 PM banking, at 101 branches and 24 Hour Banking at 5 branches.
  • They also introduced Multicity Cheque Facility.
  • In the year 2006, the Bank introduced an Offshore Banking Unit in Singapore.
  • They introduced around 464 ATMs across the country which later increased to 634 ATMs.
  • In April 2007, the Bank opened Gen-Next, which is a Youth Oriented Bank.
  • In May 2007, the Bank signed an agreement with Dun & Bradstreet (D&B) to assign ratings to the small-scale industrial banks.
  • They also launched sale of Gold Coins during the year.

From 2008-2009

  • The bank opened eight new Urban Retail Loan Factories at Powai, Bareilly, Mumbai, Agra, Bhopal, Nagpur, Ernakulam, Jodhpur and Noida.
  • They also launched new Loan products called Loan for Earnest Money Deposit, Baroda Additional Assured Advance to NRIs, Baroda Bachat Mitra and Special Home Loan Package.
  • The Bank signed an MoU with number of car manufacturing companies like Maruti Suzuki Pvt Ltd., Tata Motors, Hyundai etc. for boosting up Auto Loan portfolio.
  • Tied up with Kotak Mahindra Bank for providing Life Insurance Cover to Education Loan Borrowers and Home Loan Borrowers.
  • The bank opened four new branches in Guangzhou, China; Electronic Banking Unit at Musaffah, UAE and branches of Subsidiaries at Kawempe (Uganda) and Nakuru (Kenya).
  • On 20th July 2008, the Online Home Loan Facility was made available with status tracking option.

From 2009-2010

  • The Bank opened six new Retail Loan Factories at Chandigarh, Gamdevi, Patna, Coimbatore, Ranchi and Allahabad.
  • In June 22nd 2009, the Bank introduced a new reengineering restructuring Business project called Navnirmaan-Baroda Next.
  • In Sept 2009, the Bank brought all the branches on CBS Platform to start Banking anytime and anywhere to all its customers.
  • All the branches started to provide e-banking services as well as electronic fund transfer facilities like NEFT and RTGS.
  • In October 2009, the Bank launched new Subsidy linked Housing Loan scheme under the Banks Home Loan Product styled as Interest Subsidy Scheme for Housing the Urban Poor (ISHUP).
  • On November 2009, the Bank entered into Life Insurance Business, and introduced a Joint Venture Life Insurance Company called India First Life Insurance Co. Ltd.
  • In the year 2010, the Bank received a Commercial Banking License from Malaysia to a locally incorporated bank, namely India BIA Bank (Malaysia) to be jointly owned by The Bank of Baroda, The Indian Overseas Bank and Andhra Bank.
  • The bank also opened a new Branch in Auckland, New Zealand and tenth branch in the United Kingdom.
  • In July 2010, the Bank signed an agreement with UIDAI to act as a registrar for the project. The Bank will join the UIDAI Team to collect the Biometric and Demographic information of their customers.
  • In Aug 2010, the bank signed an Memorandum of Co-operation with the Dubai Multi Commodities Centre Authority to enhance the trade flows in Dubai.

From 2010-2011

  • The Bank opened 7 new branches in Ilford, Essex UK and 5 Electronic Banking Service Units in UAE in Rakia, Ras Al Khaimah, Al Quaismas, Dubai, Sh. Zayed Road Dubai and National Paints Sharjah.
  • During the year, the Bank launched a new Retail Asset Product styled as Baroda Traders Loan against the Security of Gold Ornaments/ Jewelries.
  • During the year, the Bank opened a new Gen-next branch in NOIDA and now the total number of Gen Next Branches is eight. Also, they opened five new Retail Loan Factories at Karol Bagh New Delhi, Raipur, Ludhiana and Nasik, whereas one existing RLF at Jodhpur was closed.
  • In January 15, 2011, the Bank launched two new Retail Liability Products under Savings Bank Segment called as Baroda Pensioners Savings Account and a Life Insurance linked Savings product styled as Baroda Jeevan Suraksha Savings Account under a partnership with India’s First Life Insurance Company.
  • The subsidiaries in Uganda, Kenya and New Zealand will be opening two branches each and in Botswana and Guyana, one additional branch will be opened.

Indian Bank

Indian Bank is a state-owned bank which was established on 15th Aug 1907. The bank has its headquarters in Chennai, India. The bank has many deposit schemes tailored to suit the needs of its customers, both individuals, and organisations. The bank also provides a wide range of products and services for its customers.

The bank opened its first overseas bank in Sri Lanka Colombo during the year 1932 and later opened another branch in Singapore in the year 1941. in the year 1962, the bank acquired the businesses of the Royalseema Bank, Mannargudi Bank, and the Trichy United Bank. The bank was finally nationalised on 19th July of the year 1969. The bank was named as Indian Bank after the nationalisation. It was appointed as the lead bank of the 9 districts of the State Tamil Nadu, Andhra Pradesh and Kerala and the Union Territory of Pondicherry. The banks also owned a training Management Institute called as Indian Bank Management Academy for Growth and Excellence (IMAGE).

In the year 2001, the Indian Bank launched a new service called as Cash Management Service for speedy collection of outstation cheques. The Bank also tied up and partnered with the HDFC Standard Life Insurance Company Ltd, which is the first private sector to receive the Certificate of Registration for Foray into Life Insurance Business for the distribution of the Insurance products.

In 2002-03 the Bank received an award from NABARD for the best performance under the Self-Help Group in Tamil Nadu and Andhra Pradesh. In the year 2003, the bank associated with the M.S Swaminathan Research Foundation, Chennai to sponsor a programme on the agriculturist to be aired on All India Radio. On December 2004, the Bank split into two branches and implemented the Core Banking Solution. On the year 2004, the Bank made an agreement with the Export Credit Guarantee Corporation In India to distribute the credit card insurance packages for the exporters. It also joined hands with the Times of Money for remittance solution and introduced a new loan project called IB Swarna Abhrana. This loan scheme is meant for buying Gold-jewellery. The bank also tied-up with Tamil Nadu Newsprint and Papers to finance farmers taking up Farm Forestry project with the sponsorship of Tamil Nadu Newsprint and Papers. In the year 2004-05 the bank made an alliance with Mahindra and Mahindra Limited and TAFE Limited for levitating the tractor usage among the farmers. In the year 2005, the Bank tied-up with three overseas banks for money transfer service and signed the papers with the National Exchange Company of Doha, Mussandum Exchange Company of Oman and Abu-Dhabi based UAE-Exchange Company.

In the year 2006, Indian Bank introduced a new bank in Mumbai and also launched a new service called Bharat Card. In March 2007, the Bank launched Ind On-Line Doorstep Banking to deliver Banking and Financial Services at the doorsteps of a Common Man. The bank also signed an agreement with the Indian Railway and Catering and Tourism Corporation Limited (IRCTC) with an aim to offer ticket booking services through IRCTC website. The agreement was signed on 1st of August 2007, at New Delhi. On December 2007, the Bank installed about 51 ATMs in the Railway Stations across the country. In the year 2008, the Indian Bank won the Financial Express Best Bank Award. 

The Bank follows 100% Business Computerization Service, it has 168 centers throughout the country with 20,661 employees. The Indian Bank has a total network of 2594 branches and 66 extension counters and around and also provides 24*7 service through 32000 ATMs.

State Bank of India

The State Bank of India is the largest state-owned banking and financial services company in India. The bank provides various banking services to the customers. Other than the banking services, the bank along with the subsidiaries, provides a range of financial services which include Life Insurance, Merchant Banking, Mutual Funds, Credit Cards, Factoring, Security Trading, Pension Fund Management etc.

The bank functions in four different business segments named Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Business. The Treasury segment includes the investment scenario and trading in the foreign exchange contracts and derivative contracts. The wholesale banking focuses on the lending activities of the Corporate Accounts Group, Mid Corporate Accounts Group and Stress Assets Management Group. The Retail Banking Management comprises of the National Banking Group, which focuses on the personal banking activities. It also involves in the lending activities of the corporate customers who have a healthy relationship with the branches of the National Banking Group.

The bank offers a wide range of products not only in India but also overseas. The State Bank of India will soon enter the Top 50 Global Banks with a balance sheet size of 33 trillion, 278,000 employees, 420 million customers and more than 24,000 branches and 59,000 ATMs.  The Bank ranks 232nd on the Fortune Global 500 list of the world’s biggest corporations 2016. According to the Forbes, the bank is the 10th most reputed company in the world. The SBI has 198 offices in 37 countries and 301 correspondents in 72 countries. The bank has its branches in Colombo, Dhaka, Frankfurt, Hong Kong, London, Los Angeles, Sydney, Tokyo. The bank has their representative offices in Bhutan and Cape Town.

In the year 2001, the SBI Life Insurance Company was started by the Bank. These are the only bank that has been permitted to have 74% of stake in the Insurance Business.

ICICI Bank

ICICI Bank which is otherwise called as Industrial Credit and Investment Corporation of India. It is an Indian Multination banking and financial services in India. The bank has its headquarters in Mumbai, India. Its registered office is located in Vadodara. The bank was founded in the year 1994. Mr. M.K Sharma is the Chairman of the Bank and Mrs. Chanda Kochhar is the Managing Director and CEO of the bank. The tagline of the Bank is “Hum Hai Na”. It is known to be the 2nd largest bank in India in terms of Market Capitalisation. The bank offers a wide range of products and services to both corporate and retail services in India. The bank provides a variety of delivery channels and specialized subsidiaries in the areas of Investment Banking, venture capital, and asset management. The bank has its subsidiaries in the United Kingdom, Canada, Singapore, Bahrain, United States, Hong Kong, Sri Lanka, Qatar, South Africa and its representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia.

The ICICI Bank is the India’s largest private sector bank with a total asset of Rs 9,860.43 billion on March 31st, 2017 and profit after tax of Rs 98.01 billion for the year ended March 31st, 2017.

Role In The Indian Finance System

The Bank has introduced a various number of Indian Institutions to improve the financial infrastructure of the country over the years.

National Stock Exchange: The National Stock Exchange was promoted by the India’s Leading Financial Institutions (ICICI Pvt. Ltd) in the year 1992 on the behalf of the Government of India. The objective of this scheme is to provide a Nation Wide Trading Facility for the equities, debt instruments, and hybrids ensuring an equal access to all over the country through an appropriate communication network.

Credit Rating Information Services of India Limited  (CRISIL): This is partnership service introduced by the ICICI Bank and UTI Group. This is India’s first professional credit rating agency. The service offers a comprehensive range of products and services which include credit ratings, product management, capital market information, industry analysis and the detailed reports.

North-Eastern Development Finance Corporation: This corporation was supported by ICICI Ltd in 1995 in Guwahati Assam for the development of the Industries, infrastructure, animal husbandry, medicinal plants, poultry, dairy in the North Eastern States in India. This is the premier Financial Institution for the North- East Region.

Services Provided By ICICI Bank

The Bank offers a wide variety of services. Some of them are

i-Mobile Smartkeys: This a payment service method which is introduced by the ICICI. The payment service is done using a Smartphone Keyboard called “iMobile Smartkeys”. The application provides a variety of services like quick and secure payments, chat, messenger, games, and search browser.

Money2India: It is an online money transfer tracking service that is offered to the Non-Indian Residents. This provides seamless online money transfer to 9 countries (USA, Canada, UK, Singapore, Australia, UAE, Sweden, Switzerland and Hong Kong) with round the clock customer service facility.

Saral Loans:  This was launched on Aug 2015, by ICICI. It is a Rural Housing Loan Plan. The applicants from rural areas including women can apply for this scheme.

The other services are Bookchain Technology, Software Robotics, iWish- Flexible Recurring Deposit, My Savings Rewards, Contactless Credit and Debit Cards etc.

IFSC Code of ICICI Bank

The IFSC Code is an 11-digit alphanumeric code which consists of the bank name and branch code or ID. The first four characters of the code are in alphabets which represent the bank name, and the last six digits which are usually the numbers represents the name of the bank.

The IFSC Code of the Bank is ICIC0000001. Where ICIC is the IFSC Code and 000001 is the Branch Code of the Bank.

Aadhaar Seeding With ICICI Bank Account

Recently, the Government is making it compulsory to link Aadhaar with the Bank account. Therefore, the ICICI Bank is providing two modes of Adhaar seeding with the bank account: Offline and Online Mode.

The Offline Mode of SeedingYour Aadhaar with the ICICI Bank Account

  • Firstly, make sure that you have your original and photocopy of the Aadhaar and the bank details. You can use the E-Aadhaar if you have. Visit the official Aadhaar website and download the form 3.   Form 3 is a request form for linking Aadhaar with the Bank account. Fill in the form with required details and enter your 12 digits unique Aadhaar number with your Bank Account Information from your Bank Passbook.
  • Once you are done with all the formalities, visit the nearest ICICI Bank Branch and submit the Form 3 along with the photocopy of your E-Aadhaar or the Aadhar card. The bank officials verify all the documents and form and after the cross-checking of the documents, your Aadhaar will be updated with your ICICI Bank Account.

Online Mode of Aadhaar Seeding with the ICICI Bank Account

The steps for linking Aadhaar with the Bank account is given below

  • Visit the official website of ICICI Net banking.
  • Enter your Username and Password.
  • Now click on the Customer Service Tab.
  • Then select the service request.
  • Click on the Bank Account Service Request.
  • Select the account details
  • Click on the modification related
  • Request for the “Update Aadhaar Number in Savings”
  • In the last link, you have to enter the Aadhaar details and click on Submit.

After the submission of the application form, the bank officials verify the documents. If all the data and information provided by the customer is correct and matched then, a confirmation message is sent via SMS or email ID.

Axis Bank

Axis bank was first established in the year 1993 and became operational in 1994, after Government of India authorized new private banks to be established. The bank was started with the capital of Rs. 115 Crore. Onto which UTI (Unit Trust of India) contributed Rs. 100 Crore, LIC – Rs. 7.5 crore and its four subsidiaries contributing Rs. 1.5 crore each. In 1993, the bank was further promoted in cooperation by specified undertaking of Unit Trust of India (Transferred to SUUTI in 2003), Life Insurance Cooperation (LIC), General Insurance Cooperation (GIC), National Insurance Company Ltd, The New India Assurance Company Ltd, The Oriental Insurance Company Ltd and United India Insurance Company Ltd.

In 2001, UTI agreed to merge the bank with Global Trust Bank; however, Reserve Bank of India (RBI) did not approve the amalgamation then. In 2004, the RBI put Global Trust into moratorium and supervised its merger into Oriental Bank of Commerce.

In 2003, Axis bank successfully launched travel currency card in India.

In 2005, Axis Bank got listed on London Stock Exchange.

In 2006, the bank opened an overseas branch in Singapore, and a representative office in Shanghai, China.

In 2007, the bank opened a branch in the Dubai International Financial Centre and in the same year it began branch operations in Hong Kong. And in 2008, it opened a representative office in Dubai.

It successfully opened a branch in Colombo in October 2011, established as a licensed Commercial bank administered by the Central bank of Sri Lanka. And in the same year, the bank has opened a representative office in Abu Dhabi.

In 2013, Axis Bank’s subsidiary, Axis Bank UK commenced banking operations. Axis Bank UK has a branch in London.

At present, Axis bank is the third largest financial institution in the country in the private sector. Also, headquarter of the bank is in financial capital of the country; Mumbai and registered office is in Ahmadabad. The bank has a wide network with 3300 branches, 14,003 ATMs and nine international offices with branches at Singapore, Hong kong, Dubai, Shanghai, Colombo, and representative offices at Dhaka, Dubai and Abu Dhabi.

Axis bank offers special subsidiary for each of the product they provide.

Below is the list of subsidiaries axis bank offers:Axis Capital Ltd.

  • Axis Capital Ltd.
  • Axis Private Equity Ltd.
  • Axis Trustee Services Ltd.
  • Axis Asset Management Company Ltd.
  • Axis Mutual Fund Trustee Ltd.
  • Axis Bank UK Ltd.
  • Axis Securities Ltd.
  • Axis Direct
  • Axis Finance Ltd.
  • Axis Securities Europe Ltd.
  • A. Treds Limited

Award / Achievements

In last 24 years, Axis bank has been conferred with various awards and recognitions. Below is the list of few of their achievements in last 5 years:

2013

  • In 2013, Axis bank voted for Most Trusted Private Sector Bank in the country in the Most Trusted Brands survey 2013 by Brand Equity
  • Axis Bank ranked no. 1 bank in INDIA in both Primary & Secondary market of corporate bonds -The Asset Benchmark Research.
  • Best Debt House in India – Euro money Awards for Excellence 2013

2014

  • In 2014, Axis bank Gold Shield for third year in a row for Excellence in Financial Reporting in the Private Sector Banks category for the year 2013-14 – ICAI (Institute of Chartered Accountants of India)
  • Axis Bank wins ‘Bank of the Year in India’ for the year 2014- Banker Magazine, Financial Times
  • Axis Bank Foundation conferred Outstanding Corporate Foundation at Forbes India, Philanthropy Awards, 2014

2015

  • In 2015, Axis Bank conferred the Certificate of Recognition for excellence in Corporate Governance by the Institute of Company Secretaries of India (ICSI), for the year 2015.
  • Innovation in Social Pay – Aegis Graham Bell Awards 2015

2016

  • In 2016, Axis Bank wins ‘Best Loyalty Program of the year’ for the second year in a row, 9th Loyalty Awards 2016
  • Axis Bank has won the ‘Best Performing Private Bank’ award at the Financial Advisor Awards 2015-16

2017

  • In 2017, Axis Banks wins the ‘Best Use of Mobile within a Loyalty Strategy’ at the Loyalty Awards 2017
  • Axis Bank wins the ‘Best Use of Partnership in a Loyalty Program’ at the Loyalty Awards 2017.

Axis Bank Official Website @ https://www.axisbank.com/