Digital locker - GS questions based on daily current affairs

1)   Which bank was first to start fully automated 24x7 digital locker?

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

ANSWER: ICICI

Explanation:

  • 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.