CHENNAI: Indian Bank on Thursday announced that it has become the first public sector bank to extend the facility of execution of online locker agreement through the Digital Document Execution (DDE) platform of National E-Governance Services Limited (NeSL).
Online locker agreement, which is available round the clock, will enhance customer convenience and reduce the turn-around time of the agreement execution, a statement here said. DDE is a fully automated contract execution platform with paperless e-stamp and electronic signature (e-Sign) facility.
The e-Sign facility includes Aadhaar-based (OTP/Biometric) and dongle-based digital signature. The platform offers individual and multiple signatories to execute documents in sequence, which will facilitate joint account holders also to execute onlocker agreements at their ease.
Customers can track transaction status and download the electronic evidence (65B) certificate in real-time, it added.
The statement further said the end-to-end digital process eliminates the need for physical stamp papers and signatures, making it faster and more efficient.
