In Citibank India has announced that over 40% of its customers bank online regularly and more customers receive e-statements than paper statements. Close to 60% of the Banks customers have signed up for e-statements and nearly 90% of all customer communication is now electronic. This reaffirms the banks belief that urban India is increasingly consuming digital content for banking and commercial services for solving real needs.
Citibanks digital platform (www.citibank.com/india) has grown to become a critical channel attracting more usage than the combined usage across all other channels like ATMs, phone banking, branches and regular mail.
Gowri Mukherjee, Head Digital Business, Citi India said, Our digital platform is the largest channel of customer service and engagement. More than 50% of all customer contacts with the bank are digital
Digital Banking offers unmatched Choice, Convenience and Control to customers, not only through Internet Banking but also across emerging platforms like Mobile, Tablet and Social Media Channels, Gowri adds.
The award winning online banking platform offers customers an integrated view of their account, allowing them to conduct over 110 financial and non financial transactions online. It also offers them in-depth investment research and wealth management facilities besides all of the regular transaction related banking services.
In addition, the three most innovative online services that have been recently added are:
* The Payments Dashboard: Allows customers to plan and manage their day-to-day transactions.
* The Online Tax Corner: Customers can now make all direct tax payments, view interest certificates and details of Tax paid refunds for last five years. This has been made possible through a direct integration with the official NSDL website.
* The Online Recommendation Engine: The engine analyzes customer profile, transaction behavior and purchase preferences and suggests financial products and services that are most relevant.
To make online experience safe and secure for customers, Citibank was one of the first banks in India to introduce multi-factor authentication through an innovative mix of hardware tokens, one-time passwords, over and above controls like alerts on email and/or instant messaging (SMS) based on customer preference.
Keeping pace with the internet evolution, the Bank is now leveraging social networking sites for customer engagement, product co-creation. The Citi India Facebook fan page has one of the largest fan following amongst financial institutions in the country. A recent initiative was the Crowd Sourced ATM on Facebook. Consumers on the social networking site were asked to vote on their choice of the next Citibank ATM location in 4 major cities.
Businesswire
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