Indian Bank extends on-line locker pact execution through NeSL’s DDE Platform

NE BUSINESS BUREAU
CHENNAI, AUG 17

Indian Bank on Thursday became the First Public Sector Bank to extend facility of execution of on-line locker agreement through Digital Document Execution (DDE) Platform of National E-Governance Services Limited (NeSL). On-line locker agreement, which is available round the clock will enhance customer convenience and will reduce the turn-around time of the agreement execution.

  • DDE is a fully automated contract execution platform with paperless e-stamp and electronic signature (e-Sign) facility
  • The end to end digital process eliminates the need for physical stamp papers and signatures, making it faster and more efficient

DDE is a fully automated contract execution platform with paperless e-stamp and electronic signature (e-Sign) facility. The facility of e-Sign includes Aadhar based (OTP/Biometric) and dongle-based digital signature. The platform offers individual and multiple signatories to execute document in sequence, which will facilitate joint account holders also to execute on-locker agreement at their ease. Customers can track transaction status and download the Electronic Evidence (65B) certificate in real-time.

The end to end digital process eliminates the need for physical stamp papers and signatures, making it faster and more efficient.