In an effort to improve the end-user experience, many public and private sector banks have officially launched the Video KYC feature to make it easier to open savings bank accounts at banks.
Installation relies on completing the Know Your Customer (KYC) process via video mode, allowing an applicant to open an account from anywhere incorporating a video-based customer identification process.
The Video KYC process dispenses with a personal visit to any bank branch to complete the physical verification process.
The Video KYC installation further simplifies the following steps and will deliver the checkbook / ATM card to customers’ registered address.
KYC Video: How To Enjoy It
The prerequisites for enjoying the Video KYC feature are a valid mobile phone number, email address, PAN card, Aadhaar number (linked to mobile phone / email number) and access to a computer or a mobile device with a camera and microphone in addition to an Internet connection. link.
The process validates the applicant’s credentials from multiple sources such as video call initiated by Bank representative, UIDAI, NSDL and OTP information for registration number registration. mobile phone.
Allow access to the camera, microphone, and location.
Let the bank manager click on the applicant’s photo, verify the original PAN and take the signature once logged in.
After the KYC video is successfully completed, the account will be automatically opened.
Customers can then proceed to deposit the minimum balance in offline or online mode and transact seamlessly using their ATM card and Net / Mobile Banking after completing the initiation procedures.
Meanwhile, Indian Bank became the last public sector bank to officially launch the Video KYC facility.
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