Digital Insta Savings Account launched for Andhra Pradesh Grameena Vikas Bank (APGVB) and Telangana Grameena Bank (TGB)

The Digital Insta Savings Account mobile app of Andhra Pradesh Grameena Vikas Bank (APGVB) and Telangana Grameena Bank (TGB) was launched. The app will be at the heart of the Digital Insta Savings Account (DISA) launched by the two regional rural banks. The customer must have valid Aadhaar number linked to his/her mobile number. 

• The benefits of Digital Insta Savings Account (DISA) include zero balance account.
• Rupay debit card will be issued and the account holders need to successfully complete e-KYC at home branch or video-KYC within one year.
• The account can be opened by individuals aged above 18 years, who do not have any existing relationship with the bank as well as any OTP-based Aadhaar verification based account with any other bank/financial institution.
• A maximum balance of ₹1 lakh can be maintained in the account and the transaction limit is capped at ₹49,999 per transaction. Total credit summations in a year is restricted to ₹2 lakh.