e-KYC

The e KYC enable a customer to walk in to the bank with an Aadhaar number and open an account by only by getting his fingerprint scanned. With the help of Unique Identification Authority of India (UIDAI), bank will collect all data about the customer that is stored online with the UIDAI. These data include name, address, age and other relevant data necessary about the applicant. It will also save a copy of the KYC document that remains stored in UIDAI servers. The bank will only print out the account opening form with all the details of the customers already in it.

December 3, 2017
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