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Who started video KYC?

Who started video KYC?

Indian Bank
Public sector Indian Bank on Tuesday said it has launched the Video KYC (know your customer) facility, which allows an applicant to open an account from anywhere by incorporating its Video-Based Customer Identification Process (VCIP) technology, on its web-based platforms.

Which banks are offering video KYC?

In May 2020, Kotak Mahindra Bank, which already had a full-service digital account called Kotak 811, introduced the video KYC facility. ICICI Bank, IDFC First Bank, IndusInd Bank and Yes Bank have also rolled it out.

Does Icici Bank have video KYC?

ICICI Bank today announced the launch of ‘Know Your Customer’ (KYC) verification process through video interaction. So, now if you want to open a new savings account, you can complete the documentation through ‘Video KYC’. The facility is also available for customers applying for ‘Amazon Pay ICICI Bank Credit Card’.

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How do you use IDFC first video KYC?

To Proceed with Video KYC enter your Aadhaar Number or VID Your Aadhaar or Virtual ID. VID can be used in lieu of Aadhaar number whenever authentication or e-KYC services are performed. Authentication may be performed using VID in a manner similar to using Aadhaar number.

Is video KYC is full KYC?

Starting January 2020, RBI has added the option of conducting video-KYC for opening accounts. This type of KYC is considered equivalent to full-KYC. Not only does this make things convenient in the current situation, but it also aligns account-opening better with the new-age digital banking experience.

How can I get KYC video?

Online KYC Process

  1. Visit any KRA’s website (KYC Registration Agency)
  2. Enter your details as per your Aadhaar card.
  3. Enter OTP sent to your mobile number linked to Aadhar for verification.
  4. Submit application.
  5. Post verification by UIDAI, KRA approves your KYC.
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What if video KYC is not done?

In case of connectivity issues or other reasons due to which the Video-KYC cannot be completed, the agent will mark the Video-KYC such that you can try again. In this case, you may get connected to another agent.

Is IDFC and IDFC First Bank same?

IDFC FIRST Bank is the board approved name of the new combined entity (subject to requisite approvals). Once the approvals are received, IDFC bank Ltd. will be renamed as IDFC FIRST Bank Ltd.

Is video KYC necessary for bank account?

Yes, you require your Aadhaar number for Video KYC. Your mobile number should be registered with UIDAI to get an Aadhaar OTP. Once the Bank receives the Aadhaar details, it will verify information like your name, photograph, address, etc.

What is HDFC video KYC?

HDFC Bank on Thursday launched its Video KYC (Know Your Customer) facility for Savings and Corporate Salary accounts and Personal Loans. It is a paperless, contactless, and recorded interaction between a bank official and the customer.