HDFC Bank launched video KYC

New Delhi: HDFC Bank India’s largest private lender has launched a video KYC facility for its customers to be able to sit at their home or office. The bank is making it more secure and quick which will be paperless, contactless just a recorded interaction between a bank official and the customers.

Till now this feature is for saving, corporate salary accounts, and personal loan further it will roll out to the other products. As per the RBI, successful completion of Video KYC is equivalent to full KYC and the customers are eligible for all financial or banking products. 

The bank mentions that with Video KYC customers can open a full KYC all benefit account quickly online. Now it is available on working days from 10 am to 6 pm with the bank.

Shri Arvind Vohra, Group Head Retail Branch Banking of HDFC Bank, says “In the first phase, we’re rolling it out for Savings and Corporate Salary and Personal Loans customers and will be rolled out for other products in a phased manner. The Video KYC is an outcome of our agile pod working together as part of the One Bank vision taking one more step in the customer experience excellence journey.”