RBI introduces video-based identification process for KYC1 min read . Updated: 10 Jan 2020, 01:13 AM IST
- The PAN details should be verified from the database of the issuing authority
- The RBI said that the regulated entities will have to ensure that the video recording is stored in a safe and secure manner and bears the date and time stamp
MUMBAI : The RBI on Thursday amended the KYC norms allowing banks and other lending institutions regulated by it to use Video based Customer Identification Process (V-CIP), a move which will help them onboard customers remotely.
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