2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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UCO Bank
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Kotak Mahindra Bank
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Indian Bank
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Punjab and Sind Bank
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Detailed explanation-1: -Customers of ICICI Bank can activate the OD into their current account instantly while customers of other banks can do so after opening of a current account with the Bank digitally through Video KYC.
Detailed explanation-2: -IDFC FIRST Bank launches video KYC for online Savings Accounts.
Detailed explanation-3: -To help our existing customers and potential clients enjoy a convenient banking experience, Indian Bank has introduced V-CIP (Video-Customer Identification Process) for customers to complete their account opening process through a video KYC.
Detailed explanation-4: -India: The Reserve Bank of India introduced KYC guidelines for banks in 2002.
Detailed explanation-5: -KYC is a tool used by different entities, including banks, to identify users. When you sign up to provide your KYC details to a bank, they will get access to your Aadhaar card details, including your biometric information. If your KYC details match with the one in official government records, your identity is verified.