Regarding Video KYC, the bank said, this digital initiative powered by Artificial Intelligence and Facial Recognition Technology is a contactless and paperless process.
New Delhi. Country of the large state-owned bank SBI , the Indian State Bank (SBI) by its customers for a large relief have been launched video KYC (Video KYC). Given the current situation in Corona, where people are being instructed to stay at home. Keeping the same in mind, SBI has given the option to do KYC through video sitting at home instead of going to a branch to open an account in the bank.
SBI Chairman Dinesh Khara says that it is a great pleasure to announce the facility of opening online savings account which is very necessary in the event of the current pandemic. We are confident that this initiative will add a new dimension to mobile banking and will also empower customers digitally for their banking needs. The bank has said , Artificial Intelligence and facial recognition technology by operating this digital initiative is a contactless and paperless process is . It is known that from last year many private banks are giving video KYC facility to their customers.
This is how you can video KYC from YONO app
Your phone on YONO app downloads in
‘New to SBI’ to click in and ‘Insta Plus Savings Account’ to select or .
However , the app in your base detail would make .
Based Authentication completed a move to later users of the personal details of the input to be .
Then , the client ‘s KYC process to complete to a to a video call is scheduled to be .
Video KYC completion of the after SBI into account your you open will .
2017 The launch happened was YONO
November 20l7 the launch has been YONO app 8 million downloads have been to and 3.7 million with more registered users are . SBI has YONO platforms to 20 from more categories in 100 of more e – commerce companies and with partnership of ever is .
Without bank branch to open will account
Video calls for through customer ‘s bank account to open the process a big step is and it Brancles banking the new direction will . In addition to remote clients to access increase in banks to help will . Currently in , account opening and for the client to become a bank branch Access would have to re- form filling consists of or the agent your house your documents and signatures they are . In some cases the basis of through -line basic bank account opening being can have , but full service accounts for for paper documentation required is .
What is KYC?
KYC Reserve Bank (RBI) by operating an identification process that has helped the bank and other financial institutions of your customer ‘s about the good of life could have . KYC or ‘ Know Your Customer ‘ your client to Know . Banks and financial firms it to form the exact tax Also with some recognition of certification also takes it .
KYC is for necessary papers
1. Passport
2. The voter identification card
3. Driving License
4. Aadhaar Card
5. NREGA Card
6. PAN card
