IDBI Bank launches video KYC account opening facility; here's how to open savings account

IDBI Bank’s Video KYC Account Opening (VAO) facility is a completely contactless and paperless mode of on-boarding the customer and tailor made for the demands of post pandemic worldBusinessToday.In | January 4, 2021 | Updated 18:56 IST IDBI Bank on Monday launched Video KYC Account Opening (VAO) facility for savings bank accounts to ensure safety of its customers during coronavirus pandemic. This comes close on the heels of the “I Quick” mobile app based account opening and “WhatsApp Banking” facilities the bank had launched recently. The Mumbai-headquartered bank said that VAO is a completely contactless and paperless mode of on-boarding the customer and tailor made for the demands of post pandemic world. Through VAO, a customer can open a savings account with IDBI Bank from the convenience of his/her house or office as there are no physical forms to be filled and no visits to be made to the branch for opening one’s Savings Bank account, the Life Insurance Corporation (LIC) controlled-lender said. Suresh Khatanhar, Deputy Managing Director, IDBI Bank inaugurated a centralised Video KYC hub at Mumbai. Speaking on the launch, Khatanhar said, “VAO – Video KYC Account Opening is yet another step in creating more digital journeys benefiting…
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