Karur Vysya Bank has inaugurated its 800th Branch in Anna Nagar East, Chennai. The Bank also inaugurated its first Digital Banking Unit (DBU) in Nandanam, Chennai . The Branch works entirely on digital mode. Customers can open their savings accounts, complete e-KYC, get their welcome kit with debit card and apply for retail loans. The customers can also undertake other transactions like opening term deposits, transfer funds, etc. The branch will also have an e-lobby with ATM, CDM and pass book printer.
The Bank also inaugurated new branches at 8 other centres; 6 in Tamil Nadu viz., Vilathikulam, Madambakkam, Parangipettai, Pudukottai North, Kachirapalayam, Veeraganur, Gadwal in Telangana and Sattenapalle in Andhra Pradesh.
Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
