3 Simple Steps to Complete your KYC Process

1. 3 Simple Steps to Complete your KYC Process

2. Most banks provide people with the facility to open their bank accounts online through the bank’s website or their app. Bank accounts help people carry out their transactions and avail of the various services provided. Carrying out transactions through a bank app is very convenient and safe. • There are a few steps you need to follow to open a bank account. Some people are confused and stuck during the KYC (Know Your Customer) process while opening their bank account. In this article, we would provide you with a few simple steps that you can follow to complete the process smoothly. • 1.Submit your identity proof • While opening your KYC bank account, the bank would need your identity proof to open your account. You could submit your AADHAAR card, PAN card, or any other government-issued document to the bank. You need to submit a copy of these documents to the bank as they would save it in their database. If you plan to complete the process online, then you would need to submit a soft copy of these documents to the bank. A person may also visit your place to verify the documents submitted to the bank. The bank may not allow you to open a bank account if you are not able to show them your original documents. • 2.Submit your address proof • You would need to submit your address proof along with your identity proof while opening your KYC bank account. You could submit your AADHAR card, PAN card or any other government-issued document to the bank for your address verification process. The bank would ask you to submit a copy of these documents as well to the bank. While completing the process online, you would be asked to submit a copy of these documents and the bank would send a person to verify these documents.

3. 3.Complete video KYC Video KYC is a relatively new process followed by various banks while opening a KYC bank account online. You would be asked to switch on the camera of the device you are using to open your bank account. You would be asked permission by the bank app to access the camera of the device. This process does not take much time and is generally completed within 2-5 minutes. The video KYC process is done to make sure that no third party is opening the account. This helps in reducing fraud and helps maintain the security level of the bank. You could contact the customer service or avail of the help of the bank anytime during your KYC bank account process. Banks encourage people to complete this process online through the bank’s app. Money laundering and fraud are limited due to the introduction of this process by various banks and hence you should opt to complete this process online through the website or the official app of the bank. We hope that this article proved to be helpful and you follow the above-mentioned steps during your KYC bank account process. Thank you! Read More:- 3 Myths of Opening a New Bank Account Online