ICICI Bank launches fully automated digital locker

Q.  Which bank was first to start fully automated 24x7 digital locker?
- Published on 01 Jun 16

a. Bank of India
b. SBI
c. ICICI
d. IDBI

ANSWER: ICICI
 
  • ICICI Bank launched the first of its kind fully automated digital locker, which would be available to customers even on weekends and post banking hours.
  • Named ‘Smart Vault’, the locker is equipped with multi-layer security system, including biometric and PIN authentication and debit cards, among others. Customers can access it without any intervention by the branch staff.
  • The ‘Smart Vault’ is an example of ‘Make In India’ programme as it has been designed and manufactured by Indian partners.
  • The vault uses robotic technology to access the lockers from the safe vault and enables customers to access their lockers at any time of their preference.
  • The lockers are of two-three different sizes and charges would depend on that. Also, the locker charges in a city would vary depending on the real estate cost.

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