How do I do video KYC?
How to do video KYC online?
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.
Can KYC be done 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.
Video-based KYC means that user can complete remote KYC from anywhere via a video call. The verifier authenticates the documents, does a liveliness check along with establishing the location of the person – everything is done on a video call, unlike the traditional ways.
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.
If video KYC is not completed within 72 hours of eKYC, then eKYC will be required to be done again to ensure validity.
What documents are required for video KYC?
What documents do I need to complete a video kyc call? 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.
To help you complete your Video KYC as per your convenience, HDFC Bank executives are available from 10 am to 6 pm on all days, excluding Sundays and Public holidays. Know more about the features of Savings Account here. With HDFC Bank InstaAccount open a Savings Account instantly in a few simple steps.
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
Updating your KYC online is a simple process that can be done without the hassle of visiting a kiosk in person.How to update KYC online?
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
It takes 10-15 working days for KYC to get processed and registered with the KRA. You can check your KYC status here.
Is Aadhaar mandatory for video KYC?
NO. As per the amendments of the Telegraph Act, 1885, telecom users can use their Aadhaar number as a KYC documents along with authentication on voluntary basis to obtain a new mobile connection.03-Oct-2022
KYC on video involves face-to-face verification, during which a verification specialist establishes the customer's identity, based on the documents by which they identify themselves. Thus, it allows the company to increase its security and to get to know potential customers.09-Mar-2022
Can I do video KYC without physical PAN card?
For completing a video KYC, you need only one document - your original PAN card. You need a physical copy of the PAN card for the video KYC call.08-Nov-2022
How much time does it take for the KYC documents to be approved? The KYC documents get approved within 3 to 5 working days after they are uploaded on the EPFO member portal.09-Nov-2022
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.
In case your employer is not approving KYC details, you can directly approach administration or HR department with request. If it is taking more time you can escalate it to higher authority in the organization. If no one is responding to your request you can raise a request in the EPF Grievance website.
What happens if KYC is not updated 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.
You have to follow the steps mentioned below for doing KYC offline:
How is KYC verification done?
KYC process includes ID card verification, face verification, document verification such as utility bills as proof of address, and biometric verification. Banks must comply with KYC regulations and anti-money laundering regulations to limit fraud. KYC compliance responsibility rests with the banks.
How do I do video KYC?