Indian online financial marketplace Paisabazaar.com has teamed up local private sector lender IDFC Bank to offer the bank's retail and lending products to customers.

The partnership will allow the platform’s customers to access and buy savings products, fixed deposits, personal as well as home loans offered by the Indian lender.

Customers will also be able to open fixed deposits in IDFC online via an Aadhaar-based digital Know Your Customer process as part of the collaboration.

Paisabazaar.com co-founder and CEO Naveen Kukreja said: "We are excited to enter into strong strategic alliances with India's leading banks and financial institutions.

“Together, we aim to provide customized solutions for lending and investment needs of customers through easy, transparent, completely paperless and presence-less processes. We are very excited to enter into a partnership with IDFC Bank."

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By GlobalData