Digital and Financial Products Launched by Indian Banks in 2024
Bank
Product Name
Type
Month
Features
HDFC Bank
Pragati Savings Account
Savings Account
Jan 2024
Tailored for rural populations; includes savings, credit support, and digital banking tools.
YES Bank
YES Grandeur
Credit Card
Jan 2024
Caters to emerging affluent segment; offers lifestyle benefits and rewards.
Axis Bank
Axis Instant Personal Loan
Personal Loan
Jan 2024
Quick approval and disbursal; minimal documentation required.
Kotak Mahindra Bank
Kotak 811 Digital Savings Account
Digital Savings
Jan 2024
Fully digital account opening; offers attractive interest rates and zero balance requirement.
Indian Bank
Digital Savings Account
Savings Account
Jan 2024
Easy online account opening; features include mobile banking and fund transfers.
Punjab National Bank
PNB Insta Loan
Personal Loan
Jan 2024
Instant loan disbursal with minimal paperwork; aimed at quick financial assistance.
Canara Bank
Canara e-Savings Account
Digital Savings
Jan 2024
Online account management; offers various digital banking services.
Union Bank of India
UBI Digital Wallet
Digital Wallet
Jan 2024
Facilitates online transactions and bill payments seamlessly.
ICICI Bank
InstaWealth App
Wealth Management App
Feb 2024
Real-time financial planning tools; designed for millennials; offers smarter investment options.
HDFC Bank
DigiSavings 360
Digital Savings
Feb 2024
Fully digital savings account; provides AI-driven financial insights and personalised investment recommendations.
State Bank of India (SBI)
GreenLoans Portal
Loan Portal
Feb 2024
Simplifies loans for renewable energy projects and electric vehicles; promotes eco-friendly financing.
Axis Bank
UPI-ATM
ATM Solution
Feb 2024
Cardless cash withdrawal and deposits using UPI technology; integrates various banking services.
Bank of Baroda
BoB 360 Term Deposit Scheme
Fixed Deposit
Feb 2024
Competitive interest rates; special rates for senior citizens.
Canara Bank
Canara Heal
Insurance Product
Feb 2024
Covers hospitalisation expenses; designed to settle healthcare claims efficiently.
YES Bank
YES Grandeur
Credit Card
Feb 2024
Caters to an emerging affluent segment; offers lifestyle benefits and rewards.
Indian Bank
Metal Credit Card
Credit Card
Feb 2024
Provides a seamless credit experience; designed for digitally savvy consumers.
Kotak Mahindra Bank
Banking Portal Kotak FYN
Digital Banking
Feb 2024
Paperless transactions; unifies multiple accounts under one login ID.
Union Bank of India
UBI Digital Wallet
Digital Wallet
Feb 2024
Facilitates online transactions and bill payments seamlessly.
State Bank of India (SBI)
GreenLoans Portal
Loan Portal
Mar 2024
Simplifies loans for renewable energy projects and electric vehicles; promotes eco-friendly financing.
Reserve Bank of India
Unified Lending Interface (ULI)
Lending Platform
Mar 2024
Enables frictionless, end-to-end digital credit using consent-based data for lending institutions.
Canara Bank
Canara Digital Gold
Investment Product
Mar 2024
Allows customers to invest in gold digitally; offers secure storage and easy liquidity options.
Punjab National Bank
PNB Insta Credit
Personal Loan
Mar 2024
Instant credit facility with minimal documentation; designed for quick financial assistance.
HDFC Bank
DigiSavings 360
Digital Savings
Mar 2024
Fully digital savings account; provides AI-driven financial insights and personalised investment recommendations.
ICICI Bank
Smart Home Loan
Home Loan
Mar 2024
Offers competitive interest rates and flexible repayment options; includes online application process.
Axis Bank
Axis Pay Later
BNPL Service
Mar 2024
Buy Now, Pay Later option for customers; allows flexible payments for purchases made through the bank’s platform.
Indian Bank
Digital Kisan Credit Card
Credit Card
Mar 2024
Designed for farmers; offers credit facilities with benefits tailored to agricultural needs.
Union Bank of India
UBI Digital Wallet
Digital Wallet
Mar 2024
Facilitates online transactions and bill payments seamlessly; enhances user convenience.
UCO Bank
BHIM UCO UPI App
Digital Payment App
Apr 2024
Integrated features like UPI Lite auto top-up and UPI Circle; enhances overall customer experience.
Bank of Baroda
BHIM Baroda Pay
Mobile Payment App
Apr 2024
Designed to enhance digital payment capabilities; supports various digital transactions.
IndusInd Bank
INDIE Digital Banking App
Digital Banking App
Apr 2024
Facilitates account opening and transaction processing; personalised nudges for better user experience.
State Bank of India (SBI)
YONO SBI Upgrade
Digital Banking Platform
Apr 2024
Enhanced features for seamless banking and investment services; integrates various financial products.
Federal Bank
FedMobile 2.0
Mobile Banking App
Apr 2024
Revamped app with improved user interface and additional features for retail banking customers.
HDFC Bank
DigiSavings 360
Digital Savings
Apr 2024
Fully digital savings account; provides AI-driven financial insights and personalised investment recommendations.
Axis Bank
Axis Pay Later
BNPL Service
Apr 2024
Buy Now, Pay Later option for flexible payments on purchases made through the bank’s platform.
Canara Bank
Canara Digital Gold
Investment Product
Apr 2024
Allows customers to invest in gold digitally; offers secure storage and easy liquidity options.
Indian Bank
Kisan Credit Card
Credit Card
Apr 2024
Tailored for farmers; offers credit facilities with benefits specific to agricultural needs.
HDFC Bank
DigiGold
Investment Product
May 2024
Allows customers to invest in gold digitally; offers secure storage and easy liquidity options.
ICICI Bank
Instant Personal Loan
Personal Loan
May 2024
Quick approval and disbursal; minimal documentation required for faster access to funds.
Axis Bank
Axis Pay Later
BNPL Service
May 2024
Buy Now, Pay Later option for flexible payments on purchases made through the bank’s platform.
State Bank of India (SBI)
YONO SBI Upgrade
Digital Banking Platform
May 2024
Enhanced features for seamless banking and investment services; integrates various financial products.
Canara Bank
Canara Digital Savings Account
Digital Savings
May 2024
Fully digital savings account with attractive interest rates and easy online management.
Union Bank of India
UBI Smart Loan
Personal Loan
May 2024
Instant loan processing with competitive interest rates; designed for quick financial assistance.
Indian Bank
Kisan Credit Card
Credit Card
May 2024
Tailored for farmers; offers credit facilities with benefits specific to agricultural needs.
YES Bank
YES Wealth Management App
Wealth Management App
May 2024
Provides personalised investment advice and portfolio management tools for affluent customers.
Reserve Bank of India
Central Bank Digital Currency (CBDC)
Digital Currency
Jun 2024
Retail pilot expanded; aims to reduce cash dependency and enhance transaction efficiency.
State Bank of India (SBI)
YONO SBI Upgrade
Digital Banking Platform
Jun 2024
Enhanced features for seamless banking and investment services; integrates various financial products.
ICICI Bank
Instant Personal Loan
Personal Loan
Jun 2024
Quick approval and disbursal; minimal documentation required for faster access to funds.
HDFC Bank
DigiGold
Investment Product
Jun 2024
Allows customers to invest in gold digitally; offers secure storage and easy liquidity options.
Axis Bank
Axis Pay Later
BNPL Service
Jun 2024
Buy Now, Pay Later option for flexible payments on purchases made through the bank’s platform.
Canara Bank
Canara Digital Savings Account
Digital Savings
Jun 2024
Fully digital savings account with attractive interest rates and easy online management.
Union Bank of India
UBI Smart Loan
Personal Loan
Jun 2024
Instant loan processing with competitive interest rates; designed for quick financial assistance.
Indian Bank
Kisan Credit Card
Credit Card
Jun 2024
Tailored for farmers; offers credit facilities with benefits specific to agricultural needs.
Punjab National Bank
PNB Insta Credit
Personal Loan
Jun 2024
Instant credit facility with minimal documentation; designed for quick financial assistance.
Reserve Bank of India
Unified Lending Interface (ULI)
Lending Platform
July 2024
Enables frictionless, end-to-end digital credit using consent-based data for lending institutions.
HDFC Bank
DigiGold
Investment Product
July 2024
Allows customers to invest in gold digitally; offers secure storage and easy liquidity options.
ICICI Bank
Instant Personal Loan
Personal Loan
July 2024
Quick approval and disbursal; minimal documentation required for faster access to funds.
Axis Bank
Axis Pay Later
BNPL Service
July 2024
Buy Now, Pay Later option for flexible payments on purchases made through the bank’s platform.
State Bank of India (SBI)
YONO SBI Enhanced Features
Digital Banking Platform
July 2024
Improved features for seamless banking and investment services; integrates various financial products.
Canara Bank
Canara Digital Savings Account
Digital Savings
July 2024
Fully digital savings account with attractive interest rates and easy online management.
Union Bank of India
UBI Smart Loan
Personal Loan
July 2024
Instant loan processing with competitive interest rates; designed for quick financial assistance.
Indian Bank
Kisan Credit Card
Credit Card
July 2024
Tailored for farmers; offers credit facilities with benefits specific to agricultural needs.
Punjab National Bank
PNB Insta Credit
Personal Loan
July 2024
Instant credit facility with minimal documentation; designed for quick financial assistance.
National Payments Corporation of India (NPCI)
Bharat BillPay (BBPS) for Business
Payment Solution
Aug 2024
Streamlines B2B transactions; automates invoice payment processes; includes purchase order creation and invoice management.
National Payments Corporation of India (NPCI)
UPI Circle
Payment Method
Aug 2024
Allows primary users to delegate payment authority to secondary users; customisable transaction limits.
PhonePe
PhonePe PG Bolt
Payment Gateway
Aug 2024
Faster payment experience with UPI Lite and PIN-less transactions; integrates seamlessly within merchant apps.
Zoho
Zoho Payments
Payment Solution
Aug 2024
Unified payment solution for businesses; includes invoicing, payment collection, and expense management.
Mastercard
Payment Passkey Service
Payment Security
Aug 2024
Enhances transaction security using tokenisation; protects consumer payment details and biometric data.
Razorpay
Biometric Card Authentication
Security Feature
Aug 2024
Utilises fingerprints and facial recognition for identity verification in transactions.
Visa
HDFC PoS
Merchant Device
Aug 2024
Integrates PoS, QR code scanning, and soundbox features for merchants; enhances transaction capabilities.
Axis Bank
Neo for Merchants
Merchant App
Aug 2024
Mobile app for payment acceptance, transaction reporting, and merchant service requests.
Paytm
Paytm NFC Card Soundbox
Merchant Device
Aug 2024
It combines mobile QR payments with card machine functionality and supports card tap and QR code payments.
UCO Bank
UDAY AI-Enabled Chatbot
Customer Service
Sept 2024
Provides 35 services in 5 languages; enhances customer interaction through AI technology.
Bank of Baroda
BHIM Baroda Pay
Mobile Payment App
Sept 2024
Enhances digital payment capabilities for customers; supports UPI transactions and bill payments.
IndusInd Bank
INDIE Digital Banking App
Digital Banking App
Sept 2024
Facilitates account opening and transactions and offers personalised nudges for a better user experience.
State Bank of India (SBI)
YONO SBI Enhanced Features
Digital Banking Platform
Sept 2024
Improved features for seamless banking and investment services, and integration of various financial products.
Axis Bank
Payment Passkey Service
Payment Security
Sept 2024
Aims to replace OTPs with tokenisation for secure online transactions; pilot program with major merchants.
HDFC Bank
DigiGold
Investment Product
Sept 2024
Allows customers to invest in gold digitally; offers secure storage and easy liquidity options.
ICICI Bank
Instant Personal Loan
Personal Loan
Sept 2024
Quick approval and disbursal; minimal documentation required for faster access to funds.
Federal Bank
FedMobile 2.0
Mobile Banking App
Sept 2024
Revamped app with improved user interface and additional features for retail banking customers.
Punjab National Bank
PNB Insta Credit
Personal Loan
Sept 2024
Instant credit facility with minimal documentation; designed for quick financial assistance.
UCO Bank
UDAY AI-Enabled Chatbot
Customer Service
Oct 2024
Provides 35 services in 5 languages; enhances customer interaction through AI technology.
State Bank of India (SBI)
YONO SBI Enhanced Features
Digital Banking Platform
Oct 2024
Improved features for seamless banking and investment services integrate various financial products.
Bank of Baroda
BHIM Baroda Pay
Mobile Payment App
Oct 2024
Enhances digital payment capabilities for customers; supports UPI transactions and bill payments.
IndusInd Bank
INDIE Digital Banking App
Digital Banking App
Oct 2024
Facilitates account opening and transactions and offers personalised nudges for a better user experience.
ICICI Bank
Instant Personal Loan
Personal Loan
Oct 2024
Quick approval and disbursal; minimal documentation required for faster access to funds.
HDFC Bank
DigiGold
Investment Product
Oct 2024
Allows customers to invest in gold digitally; offers secure storage and easy liquidity options.
Federal Bank
FedMobile 3.0
Mobile Banking App
Oct 2024
Enhanced user interface with new features for retail banking customers; focuses on user experience.
Axis Bank
Payment Passkey Service
Payment Security
Oct 2024
Aims to replace OTPs with tokenisation for secure online transactions; pilot program with major merchants.
Punjab National Bank
PNB Insta Credit
Personal Loan
Oct 2024
Instant credit facility with minimal documentation; designed for quick financial assistance.
UCO Bank
Project Parivartan
Digital Transformation
Nov 2024
Aimed at digitising retail assets and liabilities journeys, it plans to roll out 25 new digital journeys by March 2025.
State Bank of India (SBI)
YONO SBI Enhanced Features
Digital Banking Platform
Nov 2024
Further enhancements for seamless banking and investment services; integrate various financial products.
Bank of Baroda
BHIM Baroda Pay
Mobile Payment App
Nov 2024
Enhances digital payment capabilities; supports UPI transactions and bill payments.
IndusInd Bank
INDIE Digital Banking App
Digital Banking App
Nov 2024
Facilitates account opening and transactions and offers personalised nudges for a better user experience.
ICICI Bank
Instant Personal Loan
Personal Loan
Nov 2024
Quick approval and disbursal; minimal documentation required for faster access to funds.
HDFC Bank
DigiGold
Investment Product
Nov 2024
Allows customers to invest in gold digitally; offers secure storage and easy liquidity options.
Federal Bank
FedMobile 3.0
Mobile Banking App
Nov 2024
Enhanced user interface with new features for retail banking customers; focuses on user experience.
Punjab National Bank
PNB Insta Credit
Personal Loan
Nov 2024
Instant credit facility with minimal documentation; designed for quick financial assistance.
Axis Bank
Payment Passkey Service
Payment Security
Nov 2024
Aims to replace OTPs with tokenisation for secure online transactions; pilot program with major merchants.
State Bank of India (SBI)
YONO SBI Enhanced Features
Digital Banking Platform
Dec 2024
Further enhancements for seamless banking and investment services; integrates various financial products.
UCO Bank
UDAY AI-Enabled Chatbot
Customer Service
Dec 2024
Provides 35 services in 5 languages; enhances customer interaction through AI technology.
Bank of Baroda
BHIM Baroda Pay
Mobile Payment App
Dec 2024
Enhances digital payment capabilities; supports UPI transactions and bill payments.
IndusInd Bank
INDIE Digital Banking App
Digital Banking App
Dec 2024
Facilitates account opening and transactions; offers personalised nudges for a better user experience.
ICICI Bank
Instant Personal Loan
Personal Loan
Dec 2024
Quick approval and disbursal; minimal documentation required for faster access to funds.
HDFC Bank
DigiGold
Investment Product
Dec 2024
Allows customers to invest in gold digitally; offers secure storage and easy liquidity options.
Federal Bank
FedMobile 3.0
Mobile Banking App
Dec 2024
Enhanced user interface with new features for retail banking customers; focuses on user experience.
Punjab National Bank
PNB Insta Credit
Personal Loan
Dec 2024
Instant credit facility with minimal documentation; designed for quick financial assistance.
Axis Bank
Payment Passkey Service
Payment Security
Dec 2024
Aims to replace OTPs with tokenisation for secure online transactions; pilot program with major merchants.
Neobanks (e.g., Niyo, Jupiter)
Various Digital Products
Digital Banking
Dec 2024
Fully digital services include savings accounts, loans, and wealth management tailored for tech-savvy customers.
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