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    Question

    Which Bank launched purely digital saving account

    ‘811’, and aims doubling user base to 16 million?
    A ICICI Bank Correct Answer Incorrect Answer
    B Axis Bank Correct Answer Incorrect Answer
    C IndusInd Bank Correct Answer Incorrect Answer
    D RBL Bank Correct Answer Incorrect Answer
    E Kotak Mahindra Bank Correct Answer Incorrect Answer

    Solution

    Private sector lender Kotak Mahindra Bank announced a strategy to double its existing customer base to 16 million in the next 18 months. A key component of this strategy would be a purely digitally-enabled savings account feature, which the bank calls ‘811’ in a nod to the government’s November 8 decision to demonetise high-value currency notes and push for a less-cash economy. 

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