This document proposes a paperless banking solution that allows customers to open and close bank accounts completely online through their smartphones. It aims to connect with 10,000 customers in six months and 25,000 customers in one year by targeting the growing smartphone market in India. The solution will provide online banking facilities and an e-wallet through a mobile app, and will also allow money transfers by payee mobile number. It seeks initial agents for on-site verification and plans to implement additional security features like device registration.

1. Paperless Banking for Gentleman.

5. Cash less
and
Corruption
less
Economy

6. To provide a
complete
digital
paperless
banking
solution to
customers.

7. Paperless
account
activation to
deactivation.

8. There is hardly any
bank in country
which provides
online activation
and deactivation of
account along with
online facility.

9. Company is
targeting
the
growing
smart
phone
market to
grow its
customer.

10. Connect to 10,000
customers in six
months and 25,000 in
1 year.

11. Customer will
get account
facility along
with e-wallet
facility and
all through
there smart
phone and on
there own
click.

12. Initially we need a
bunch of people for a
set of cities who
provide as a local
agent for one time on
site verification
from company.

13. We need this mediums to
connect with more
consumers.

15. Additional
security feature
can be
implemented using
device
registration

16. Along with
traditional
banking mode
money can also
be simply
transfer using
payee mobile
number if he/she
is already
registered.

17. We are putting a banking
model through a mobile
app which provide all the
necessary online features
to consumers along with
online activation and
deactivation of account.

18. People can
open bank
account on zero
balance.
7.5% interest
rate on fixed
deposits/savings
.

19. Point of Parity
Provide online access to account.
Provide e-wallet facility.
Point of difference
Online account opening to
closing.
Fund transfer through mobile
number.

21. Created by Manish Kumar , NIT Patna ,
during a Marketing Internship under
the guidance of Prof. Sameer Mathur ,
IIM Lucknow.