With rapid digitization, most banking procedures, including the KYC (Know Your Customer) process, are now done online. Now, customers won’t have to visit the bank physically to complete their KYC process while opening a savings account. With Kotak811, one can apply for a video KYC online and fully activate the savings account and enjoy all its benefits.
The introduction of video KYC (V-KYC) has simplified the account opening and verification journey for today’s customers. V-KYC is a simple, video-based customer identification procedure that happens via a live video interaction between a bank official and the customer. This saves the hassle of paperwork and the time one would spend visiting a bank branch.
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Benefits of Video KYC For Kotak811 Savings Account
The Kotak811 video KYC savings account allows customers to complete the KYC process in a few minimal steps from the comfort of their home over a video call. The Kotak811 savings account activated via video KYC comes with no restrictions on spends or deposits and offers the following benefits to customers:
- 100% Online Documentation: The V-KYC procedure saves customers from the hassle of paperwork involved in the KYC process while opening a Kotak811 savings account.
- Zero Physical Interaction: Save time by not visiting the bank physically. The V-KYC allows customers to complete KYC for opening a savings account from the comfort of their homes.
- 6-Hour Account Activation: The video KYC with Kotak811 enables customers to fully activate their savings account usually within six hours of completing the process.
- No Restrictions: Opening a Kotak811 savings account via the video KYC procedure removes all restrictions on spending, account balances, and deposits.
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How Does Video KYC Work?
The video KYC process for a Kotak811 savings account works in a simple manner. Customers can enjoy all the benefits of the account once they successfully complete the video KYC process.
To be prepared for the video KYC procedure, customers need to do the following:
- Have their PAN Card and Aadhar Card ready
- Sit in a room with good lighting and a plain wall behind them
- Have a white sheet of paper and a black pen
- A decent internet connection
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