Video KYC Account Opening: How to Do Video KYC Online (2024)
Know Your Customer (KYC) is a mandatory process used by banking and financial institutions to verify your identity. Thanks to digital innovations and permissions from the Reserve Bank of India, you can now complete this verification via video calls.Let’s take a look at the procedure on how to do your video KYC with HDFC Bank.
So, how does video KYC work?
As opposed to physically visiting a bank, you can complete your account opening digitally through Aadhaar OTP based E-KYC and then click and connect on a video call with bank official for an audio-video based verification.
A smartphone with stable mobile network connectivity
A blank white sheet of paper and a black or bluepen
Original PAN Card
Presence in India
How to do video KYC online?
Video KYC based account helps you gain full access to all banking features.
Here’s 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. This link is also sent via SMS and is valid for 3 days from the time it is generated.
Click on the link to start your Video KYC.The Video KYC Service desk is operational between 10:00 am to 11:59 pm on all days including Saturdays & Sundays (Except national holidays).
Allow camera, microphone, and location access.
Let the HDFC Bank Official click your photograph, verify your original PAN, and take your signature once you are connected.
Once Video KYC is successfully updated, the account will be activated and upgraded to the account of your choice. If there are connecting issues, you can try the same link. Make sure you reconnect within 3 days. The link expires after that. Moreover, if the verification fails, your video KYC is incomplete. In these cases, you will have to visit the nearest Branch with Physical KYC Documents to get a Full KYC All Benefit Account.
HDFC Bank will dispatch your welcome-kit to your registered mailing address once the full KYC is completed.
Video KYC is an easy and safe method of account opening. Get started with HDFC Bank InstaAccount.
You can now open your HDFC Bank InstaAccount by clicking here.
Before you complete the full KYC of your account, the validity of the account is 12 months. This means that if you don't complete the full KYC process, your account will be closed within 12 months.
KYC online verification can be done through the bank's website or mobile app. Customers need to upload scanned copies of the required documents and fill out the online KYC form. Follow the steps given below to successfully complete your KYC process: Log in to the official website of the bank.
Collection of Information: The first step in the KYC procedure is to collect personal information about the customer. ...
Uploading of Evidence: After the information is collected, the applicant is required to validate the information they put in the form with relevant documents.
Simply log in to the online KYC portal using your credentials. There you will find an option called “Update KYC” in the settings, click on it. Then an interface will open up where you will find a set of preferences to make changes to the KYC.
Currently, there is no online provision available for NRI investors to remediate KYC subject to limitations on using Aadhaar-based process within Indian geography. Hence, they are required to undergo the KYC process by submitting documents physically.
According to RBI guidelines, you need to be in India to participate in the Video KYC process. Providing location access will help us in ascertaining your location. This is for verification purposes only and will not be shared with anyone.
Yes, you can open a bank account without KYC if you meet certain criteria: Small Accounts: You can open these accounts by providing a self-attested photograph and signing in front of a bank official, but with some restrictions.
Ans: RBI regulations allow only one Account to be opened using Aadhaar OTP e-KYC facility in Non-face-to-face mode. This limit shall be applicable across all the Banks and the Regulated Entities.
Log in to the KYC online portal.Look out for an 'Update KYC' button in the settings on that portal.Click on the button and it will open up the set of KYC preferences. Updating whatever needs to be changed is accompanied by uploading the latest scanned copies of relevant documents for changing your name or address.
Step 1: Log in to your SBI net banking by entering your credentials. Step 2: Click on the 'My Accounts & Profile' tab. Step 3: Select the 'Update KYC' option. Enter your profile password and click 'Submit'.
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