Multiple Choice Questions on Which Bank becomes first bank in India to allow video KYC ........ for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

Which Bank becomes first bank in India to allow video KYC ........

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    Which Bank becomes first bank in India to allow video KYC ?

    HDFC Bank

    Incorrect Answer

    Kotak Mahindra Bank

    Correct Answer

    Axis Bank

    Incorrect Answer

    State Bank of India

    Incorrect Answer
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    Explanation:
    • Kotak Mahindra Bank has introduced the video-KYC facility for customers opening savings account on Kotak 811 platform.
    • With this, Kotak Mahindra Bank has become the first Indian bank to offer video-based “zero-contact” onboarding service.
    • RBI has introduced the notification regarding Video-based KYC in January 2020. With Video KYC, verification of documents, signature are completed via a video call with a representative from the bank without any physical interface.

    By: Rohit Middha
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