Equitas Small Finance Bank Limited has launched a facility of opening account through video KYC . With this, any person anywhere in the country can open a savings account with Equitas Small Finance Bank, complete the full KYC through video with the Bank employee. “The new video KYC account is a step forward towards our vision. This will ensure contact less, no branch visit and hassle free account opening and transactions for customers,” Murali Vaidyanathan, President & Country Head – Branch Banking, Liabilities, Product & Wealth, Equitas Small Finance Bank Limited, said.

‘The customer has to submit their Aadhaar and PAN details on the video call for bank to verify,’ the lender said in a release.

Following is the KYC Process:

· Customer receives SMS

· Fills form before VKYC

· Customer starts or schedules

· Agent panel is able to see & interact with the customer video & customer’s location.

· Random questions are asked from the customer to check liveliness of the person

· Customer’s Aadhaar details are confirmed during the Video call with previously submitted documents.

· Wet signature is collected from the user by asking the user to switch the camera from front to rear and signing on a white paper

· Customers are asked to submit the PAN card through the rear camera. The process can be extended to additional images to be collected if required

· In real time, text is extracted from the PAN Card. 

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