How do I complete KYC in SIB?

Update your KYC Details

Valid passport (Please ensure that First and Last Pages of the Passport are part of a single file)
Documents issued by government departments of foreign jurisdictions - Examples of such documents would be valid Visa, valid Residence permit, valid ID documents with address, PIO / OCI Card, etc.

What is video KYC in South Indian Bank?

Your account opened through Video KYC is a full-fledged, KYC-complied account and does not require you to visit our branch at any point during account opening process. What are the prerequisites to open an account through Video KYC? You should be a resident Indian individual. You should be 18 years of age or older.

How do I request a video on KYC?

How to do video KYC online?

Complete your Digital Account opening through Aadhaar OTP based E-KYC.
Consent for Video KYC option and click on the video KYC link on the final page of the account opening section.
Click on the link to start your Video KYC.
Allow camera, microphone, and location access.

Can I do video KYC?

Just like one can choose to go for an offline KYC registration or an online KYC verification process, the RBI has recently approved using a Video-based Customer Identification Process (V-CIP) as a means to achieve paperless KYC.

Can I submit KYC online?

If you do not have the time to go through the KYC procedure offline and wondering if KYC can be done online, the answer is 'YES'. e-KYC eliminates physical paperwork and in-person verification that is needed in case of regular KYC registration.

How do I complete KYC online?

How to do KYC in 1-minute?

Tap on the KYC icon.
Enter your Aadhaar Details and validate OTP.
Verify your information and tell us few more details.
That's It, your KYC is done.

What happens if I dont complete KYC video?

If video KYC is not completed within 72 hours of eKYC, then eKYC will be required to be done again to ensure validity.

What happens if video KYC is rejected?

Video KYC can be rejected due to various reasons such as low video quality, interrupted connection, verification failure etc. In case your Video KYC was rejected, you can always come back and try again.

What is KYC video requirements?

Yes, you require your Aadhaar number for Video KYC. Your mobile number should be registered with UIDAI to get an Aadhaar OTP. Once the Bank receives the Aadhaar details, it will verify information like your name, photograph, address, etc.

How long does video KYC take?

The Video KYC Process typically concludes within 10 minutes of initiation. RBI also mandates that concurrent audits take place simultaneously with VCIP to ensure that the process is without errors, and that all accounts opened via VCIP are to be made operational only after a concurrent audit.

How much time does it take for video KYC approval?

When will I get video KYC approval? You will receive approval 24-48 hours after you complete your video KYC call.

Does KYC need physical card for video?

There's only one ID document required during a Video KYC call: a physical PAN card. Please note: For security reasons, digital PAN card images/e-PAN cards are not accepted during Video KYC calls.

Is video KYC is full KYC?

Video KYC enables you to open a full KYC savings account instantly. Wherein, after entering your details, you will have the option to get on a video call with our bank executive to complete your KYC process. The video call will ensure you no longer need to visit the branch to complete your KYC.

Which bank is providing video KYC?

Upon successfully funding your account, you will be directed to the Video KYC page, wherein an Axis Bank official will initiate a video call for KYC.

Can I open bank account without video KYC?

For those who do not have official documents can open small accounts. These accounts can be opened on the basis of self-attested photographs and the signature of the holder in the presence of a bank official.03-Nov-2022

How do I submit my KYC verification?

You have to follow the steps mentioned below for doing KYC offline:

Download and fill the KYC form.
Mention your Aadhaar/PAN details.
Visit a KRA office and submit the application.
Attach the proof of identity and proof of address with the application.
You may have to submit your biometrics as well in some cases.

Can I do KYC without visiting branch?

Customers must update their KYC information by emailing or mailing a copy of their identification and address proof to their bank branch. If you choose the online route, the required documents must be sent to the branch's email address from your registered email address.25-Nov-2022

What happens if KYC is not done in bank account?

As per RBI rules, the bank has full right, even to close the account if required KYC documents were not submitted by the customer for periodical updating.

Why is KYC rejected?

Full KYC failure may occur due to multiple reasons, like incorrect document submission or certain details mismatch. The reason of Failure would be mentioned in the App and you would be educated whether a revisit is required or not.

Can full KYC be completed from home?

You can also request KYC verification at your home. But, this service is chargeable at Rs. 150, unlike the other two KYC procedures that are free of cost. Also, this facility is not available at all locations but only in a few select cities.24-Aug-2022

Can money be transferred without KYC?

No, you do not need to get your KYC done for making money transfers through UPI on the Paytm application. Is KYC required for money transfer on Paytm? No, KYC is not required for money transfer on Paytm. Users can perform bank transfers or UPI transactions on the Paytm app without getting their KYC done.17-Aug-2022

How do I complete KYC in SIB?