IDBI Bank launches video KYC facility for opening savings bank accounts

IDBI Bank announced the launch of video KYC account opening (VAO) facility for savings bank accounts. Through the facility, a customer can open a savings account with the lender from the convenience of his/her home or office as there are no physical forms to be filled or visits to be made to the branch.

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What is Video KYC?

Video KYC is a quick and easy way to open a savings account from the comforts of your home. It ensures that the online journey for opening savings account remains safe, simple, and fast eliminating the need to visit the branch for KYC.

Important takeaways for all competitive exams:

  • IDBI Bank CEO: Rakesh Sharma.
  • IDBI Bank Headquarters: Mumbai, Maharashtra.

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