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:
Air pollution in India has reached dangerous levels in 2024, especially in northern cities. Many…
Brazilian Federal Police Commissioner Valdecy Urquiza has been elected as the new Secretary General of…
The Dubai Sports Council has appointed four global sports icons as its Sports Ambassadors, including…
World Day for the Prevention of and Healing from Child Sexual Exploitation, Abuse, and Violence…
Phobias are strong, irrational fears of specific objects, places, or situations that can make life…
World AMR Awareness Week (WAAW) is an annual global campaign observed from 18-24 November. Its…