Punjab National Bank (PNB) has introduced a digital initiative for identity verification through the video Know Your Customer (KYC) option for people who wish to open a savings account in the bank.
The online savings account is being offered by the bank to suit everyone's banking needs. The process of PNB's video KYC and other details are as follows:
Video Know Your Customer is a feature offered by banks to people opening a savings account in the bank. As part of the digital initiative, identity verification is taken online via a video call. The bank representative will connect with the customer online to verify their Aadhaar card, PAN card, and signature before activating the account.
The following are steps to follow to open a PNB savings account via Video KYC:
The following are the documents required to be submitted while opening a savings account in PNB through video KYC:
The following are things to remember while opening a savings account in PNB via Video KYC:
The following are the advantages of opening a savings account in PNB through video KYC:
Yes, Punjab National Bank provides video KYC option to open a savings account in the Bank.
The Reserve Bank of India has set a few guidelines for the banks taking video KYC for opening Savings Accounts such as video should be recorded live, a secure internet connection must be used for the process and the KYC should only be taken through the bank's website or its mobile app.
A blank paper is required during video KYC for the bank representative to verify your signature.
Aadhaar Card linked to your mobile number, PAN card, and a blank paper with blue or black pen for signature verification are the required documents.
After successful completion of video KYC by Punjab National Bank the savings account is instantaneously activated.
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