Bank Account KYC: In today’s digital age, opening a bank account has become easier than ever. Previously, opening an account required waiting in line for hours to fill out forms. The bank then verified numerous documents. However, banks are now promoting online services and offering video KYC. This eliminates the need to visit a bank branch or stand in long lines. You can open your savings account from the comfort of your home in just a few minutes, saving time.
Many major banks in the country, such as SBI, HDFC Bank, Bank of Baroda, and others, offer video KYC for online savings account opening. This process involves identifying the customer via video call, completing the KYC process and activating the account quickly.
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How to Open a Savings Account with Video KYC
When you apply for a savings account online through the bank’s website or app, you receive a KYC link via email or SMS upon completing registration. Clicking on this link takes you to the Video KYC page, where the entire process is explained.
A bank employee then connects with you via video call. They ask for basic information such as your name, address, and current location. During the conversation, you must show your identity documents, such as your Aadhaar card and PAN card, to the camera. You must also show your signature on white paper to complete the signature verification. Once the bank employee is satisfied with your information, the Video KYC process is completed. A message will then be sent to your registered mobile number.
Documents Required for Video KYC
To complete Video KYC, you only need your Aadhaar card and PAN card. Additionally, you’ll need to have a plain white piece of paper handy for signature verification.
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How to Register for Video KYC
To initiate e-KYC, you need to visit the relevant bank’s official website and select the option to open a savings account online. Enter the required basic information, such as name, date of birth, and contact details. Next, upload a soft copy of your identity card, and the video KYC process begins.