Now you can Open an account in IDFC First Bank Through Video KYC. Keeping in mind the safety of people in Corona crisis, IDFC First Bank has provided video KYC facility to customers. Now customers will be able to open a savings account through video KYC at home. This method of opening an account is completely paperless. IDFC First Bank savings account earns 7% Interest.
What is KYC?
KYC is an identification process conducted by the Reserve Bank of India, which helps banks and other financial institutions to know their customers better. KYC means “Know Your Customer”. Banks and financial companies fill the form for this and also take some proof of identity from customers.
In January this year, RBI issued guidelines to complete the video-based KYC process. Earlier, banks had to rely on Aadhaar data to open accounts in remote areas.
How to Open an account in IDFC First Bank online
First, you have to go to the IDFC First Bank website https://www.idfcfirstbank.com/. After opening the page there will be an option of saving account. You have to click on the option of Saving Accounts- up to 7% p.a.
After this a new page will open, in which you will have to enter your name, mobile number and email ID and click. On the newly opened page, you will have to enter the Aadhaar number and verify. Now you will have an application form in front you, In which you have to fill all the information asked.
After this, you will get a preview of your filled form. Noe you have to transferred money to the account. But if you have selected zero balance account then there is no need to deposit any amount.
Required documents: Pan Card, Aadhar Card, 2 passport size photos, Birth certificate.
Earlier, Kotak Mahindra and IndusInd Bank had given KYC permission through video for their customers.
With this, opening of savings account and credit card can be made in IndusInd Bank. Apart from this, Kotak Mahindra Bank is also giving KYC permission to customers through video. This will make it easier to open an account from anywhere.