Which Indian private sector bank offers a self-service delivery facility called 'iBox'?

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JKSSB SI Official Paper (Held On: 08 Dec 2022 Shift 1)
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  1. Bank of Baroda
  2. Axis Bank
  3. HDFC Bank
  4. ICICI Bank

Answer (Detailed Solution Below)

Option 4 : ICICI Bank
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Detailed Solution

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The correct answer is ICICI Bank.

Key Points

  • ICICI Bank offers a self-service delivery facility named 'iBox' for its customers.
  • 'iBox' allows customers to collect their deliverables such as debit cards, credit cards, cheque books, and return cheques from a secure locker facility at their convenience.
  • The 'iBox' facility is available even beyond regular banking hours, providing 24/7 access to customers.
  • Customers are notified via SMS and email once their deliverables are available for collection from the 'iBox'.

Additional Information

  • Self-Service Banking
    • Self-service banking allows customers to perform banking transactions independently without the need for a bank representative.
    • Common self-service banking facilities include ATMs, online banking, mobile banking apps, and self-service kiosks.
    • These services aim to provide convenience, reduce wait times, and offer 24/7 access to banking services.
  • Locker Facilities in Banks
    • Locker facilities in banks provide secure storage for valuables such as important documents, jewelry, and other precious items.
    • Customers can rent lockers on an annual basis and access them during bank working hours.
    • Many banks have introduced digital lockers for document storage, offering secure, online access to important files.
  • ICICI Bank
    • ICICI Bank is one of the largest private sector banks in India, offering a wide range of financial products and services.
    • Founded in 1994, ICICI Bank has a strong presence both in India and internationally.
    • It offers services such as personal banking, corporate banking, investment banking, and insurance.
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