What is video KYC?

Video KYC, or video-based Know Your Customer, is a digital process that allows banks and other financial institutions to verify the identity of their customers remotely using a video call. This is a convenient and secure way for customers to complete their KYC requirements without having to visit a branch in person.

To complete a video KYC process, customers typically need to:

1. Schedule a video call with a bank representative.
2. Provide their personal information and identification documents, such as their Aadhaar card and PAN card.
3. Answer questions about their identity and financial history.
4. Allow the bank representative to take a photo of them during the video call.

Once the video call is complete, the bank representative will review the customer's information and documents to verify their identity. If everything is in order, the customer's KYC requirements will be met and they will be able to access the bank's services.

Video KYC is a relatively new process, but it is becoming increasingly popular as banks and other financial institutions look for ways to improve the customer experience and reduce fraud. It is a convenient and secure way for customers to complete their KYC requirements, and it is expected to become even more widely used in the future.

Here are some of the benefits of video KYC:

• Convenience: Customers can complete their KYC requirements from anywhere with an internet connection and a device with a camera.
• Security: Video KYC is a secure way to verify identity, as it uses a variety of security features, such as facial recognition and document verification.
• Reduced fraud: Video KYC can help to reduce fraud by making it more difficult for criminals to impersonate legitimate customers.
• Improved customer experience:

   Video KYC is a more convenient and customer-friendly way to complete KYC requirements than traditional methods,

   such as visiting a branch in person.

Authentication is the way to identify a user. If you are opening a bank account for the first time, you will need to do KYC. It is mandatory. Without KYC you won't be able to open an account in the bank. Nowadays, even on digital platforms such as Paytm, Phonepe tells users to register themselves through the KYC process. So, what is video KYC? I will explain below.

What is e kyc in banking?

E KYC or Electronic Know Your Customer or Electronic Know your Client is the method by which KYC is done. eKYC is the process when authorised organisations and agents verify a customer’s identity and address online with the help of Aadhaar card verification. In simple words, eKYC is the process of identifying someone digitally and there is no need for physical documentation. This is the meaning of what is e KYC in banking.

I have done my KYC where a representative from Paytm called me and scheduled a time. I was told to hold my Aadhaar card beside my face during the KYC. During the scheduled authentication process, the representative told me to hold my camera and my Aadhaar card in a specific way so that they can video me. This is the video KYC process.

What is Aadhaar paperless offline e KYC?

Aadhaar Paperless Offline e-KYC is the process where the user doesn't need to provide a photocopy of the Aadhaar card physically. Instead of this, the user can download the KYC XML and provide the same to the agencies who wanted his/her KYC.

what is video KYC.

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