Kotak Mahindra Bank launches zero-contact, video KYC savings account
Updated : May 19, 2020 03:44 PM IST
Kotak Mahindra Bank on May 18 announced the introduction of video KYC to open a full-fledged Kotak 811 savings account.
In January 2020, RBI amended KYC norms and introduced the video-based KYC option to onboard customers.
Via the new process, verification of documents and recording a customer’s signature can be done on a video call with the bank.