ICICI Bank launches ‘Smart Vault’ digital locker facility (Download PDF)

Doorsteptutor material for IAS is prepared by world's top subject experts: Get detailed illustrated notes covering entire syllabus: point-by-point for high retention.

Download PDF of This Page (Size: 163.59 K)

About ICICI Bank: ICICI is stands for Industrial Credit and Investment Corporation of India. It provides multinational banking and financial services. It’s headquarter is in Mumbai, Maharashtra of India.

  • It is the second largest bank in India as of assets and market capitalization as per 2014 report.

About launching of digital locker:

  • ICICI Bank has launched ‘Smart Vault’ fully automated digital locker facility in India.
  • It was launched by Chanda Kochhar who is Managing Director and CEO of ICICI Bank in New Delhi.

Features of Smart Vault’ digital locker:

  • This digital locker has multi - layer security system like PIN number, biometric and debit cards authentication.
  • This digital system can be accessed by customers without any help of staff of the bank.
  • The customers can also use this facility on weekends and also on post banking hours.
  • This system uses advance mechanical technology to access the lockers from the Smart vault.
  • These lockers will be accessible in three different sizes and customers will be charged as per size of locker.

- Published/Last Modified on: August 19, 2015

Govt. Schemes/Projects

Developed by: