ICICI Bank launches Smart Vault – A Digital Locker

ICICI Bank has launched the a fully automated digital locker named Smart Vault, which is equipped with multi-layer security system. The vault would be available to customers even on weekends and post banking hours. The security features of the vault includes biometric and PIN authentication and debit cards. Customers can access it without any intervention by the branch staff. The Smart Vault is launched by ICICI Bank MD and CEO Chanda Kochhar.

The vault uses robotic technology to access the lockers from the safe vault and enables customers to access their lockers at any time of their preference. The bank has decided to replicate this digital locker facility to a much larger scale in the days to come.

The lockers are of two-three different sizes and charges would depend on that. Also, the locker charges in a city would vary depending on the real estate cost. It has now only been launched in Delhi.

Points to Remember
  • ICICI Bank on January, 2015 announced the launch of the country’s first ‘Contactless’ debit and credit cards.
  • ICICI Bank on January, 2015 launched banking services on Twitter, christened as ‘ICICIBankPay’.
  • In February 2015, ICICI Bank Re-Launched POCKETS, now working as a “Digital wallet”.
  • In February 2015, ICICI Bank announced the launch of ‘Video Banking’ for all its NRI (Non Resident Indian) customers.
  • In March 2015 ICICI Bank launched ‘Touch n Remit’ facility for NRIs in Kingdom of Bahrain.
  • ICICI Bank and Bangalore Metro Rail Corporation Limited (BMRCL) on April 2015, announced the launch of the ‘ICICI Bank Unifare Bangalore Metro Card’.
Test Your Knowledge

The headquarters of ICICI Bank is in

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Answer – Mumbai

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