Categories: Banking

HDFC Bank launches video Know Your Customer facility

HDFC Bank has launched video KYC (Know Your Customer) facility for its customers. The consent-based Video KYC facility is an alternate method of establishing the prospective customer’s identity, during the account opening process in a safe and secure environment. As per the Reserve Bank of India (RBI) directions, successful completion of Video KYC is equivalent to full KYC and the customers is eligible for all financial / banking products.

Boost your Banking Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams

HDFC Bank video KYC facility will be rolled in a phased manner. In the first phase, savings and corporate salary and personal loan customers can avail this facility. The video KYC process is online, secure, and quick. It is a paperless, contactless, and recorded interaction between a Bank official and the customer.

Find More Banking News Here

AddThis Website Tools

Recent Posts

Which City of South Africa is Known as the City of Gold?

There is a famous city in South Africa that is known for its rich history…

13 mins ago

Which Peak is Known as the Five Treasures of Great Snow?

There are many tall and beautiful mountains in the world, each with its own special…

2 hours ago

What is the DRS Full Form in Cricket?

The full form of DRS in cricket is Decision Review System. It is a technology-based…

2 hours ago

Andhra Pradesh’s ‘Zero Poverty – P4 Policy’ Initiative

As part of the ambitious Swarna Andhra-2047 vision, the Government of Andhra Pradesh is set…

3 hours ago

Which Country is Known as the Land of Spices?

Spices have been an important part of human history for thousands of years. They add…

3 hours ago

Nikhil Singhal Honored with Uttar Pradesh Anmol Ratan Award

Nikhil Singhal, a distinguished media strategist, Founder of Vigor Media Worldwide, and President of the…

4 hours ago