‘InstaFX’ Mobile App—ICICI Bank

Published on January 21, 2021
Current Context: India’s Private sector bank, ICICI Bank launched a new mobile application called ‘InstaFX’.
‘InstaFX’ Mobile App—ICICI Bank
  • The ‘InstaFX’ app is launched to help the customers of any bank to get ‘ICICI Bank Forex Prepaid Card’ swiftly. 
  • Thus by doing so, ICICI Bank has become first in the country to offer this facility to money changers.
  • With the help of this app, authorised money changers, who are partners of the bank will be able to complete the KYC verification and validation of customers digitally and in a real-time format.
  • It thus offers ease of convenience to the users who are not even the customers of ICICI Bank.
  • Static Part: Who is a money changer? A Person or a firm who has a business of exchange of coins or currency of the country to the other.
    • HQ of ICICI Bank: Mumbai
    • MD and CEO of ICICI Bank: Sandeep Bakshi

Question: 

Q.1 Which bank launched ‘InstaFX’ mobile app for authorized money changers?
a. Axis Bank
b. Federal Bank
c. Deutsche Bank
d. ICICI Bank
IBPS RRB Scale II GBO Course 2025

About Me

Ramandeep Singh

Ramandeep Singh

Educator & Banking Expert

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

14+
Years Experience
5000+
Selections
Ex-BoB
Banker
Close Menu
Close Menu