Kotak Mahindra Bank becomes 1st bank in India to allow video Know your customer (KYC) facility for customers opening savings accounts on Kotak 811 – the banks digital banking platform. The initiative is presently being launched on a pilot basis for savings accounts, Kotak Mahindra. With Video KYC, verification of documents, signature are completed via a video call with a representative from the bank without any physical interface.
Click Here To Get Test Series For SBI PO 2020
In January 2020, the Reserve Bank of India amended the Know Your Customer (KYC) norms and introduced the video-based KYC option to onboard customers. Kotak is the first bank to integrate the Video KYC process in the account opening journey.
Important takeaways for all competitive exams:
Bondi Beach is one of Australia’s most recognisable and loved coastal destinations. Located just minutes…
As one of the all-time great WWE superstars, John Cena officially retired from in-ring competition…
The Indian Space Research Organisation (ISRO) has revealed plans for no less than seven space…
The Chakrashila Wildlife Sanctuary in Assam has recently come into focus due to successful community-led…
India’s presence in global motorsport technology received a major boost as MRF Tyres clinched the…
India's push towards meeting its increasing energy demands while ensuring long-term sustainability received a boost…