HDFC Bank account opening gets easier; private lender launches this facility

HDFC Bank account opening: With an aim to make account opening process safe and secured the HDFC Bank on Thursday announced the launch of Video KYC (Know Your Customer) facility.

After successful completion of the pilot project, HDFC Bank has deployed a consent-based Video KYC facility as an alternate method of establishing the prospective customer’s identity. Photo:

HDFC Bank account opening: With an aim to make account opening process safe and secured the HDFC Bank on Thursday announced the launch of Video KYC (Know Your Customer) facility. After successful completion of the pilot project, HDFC Bank has deployed a consent-based Video KYC facility as an alternate method of establishing the prospective customer’s identity.

Speaking on the HDFC Bank initiative Arvind Vohra, Group Head – Retail Branch Banking, HDFC Bank said, “We are delighted to announce the launch of Video KYC. In the first phase, we’re rolling it out for Savings and Corporate Salary and Personal Loans customers and will be rolled out for other products in a phased manner. This facility is in line with our objective to leverage technology to deliver convenience to our customers. We are happy to state that the Video KYC is an outcome of our agile pod working together as part of the One Bank vision taking one more step in the customer experience excellence journey.”

HDFC |Bank video KYC facility is a result of an Agile Pods comprising teams from Branch Banking, Digital Banking and Retail assets working together. At HDFC Bank, there are various Agile Pods working on new products and services for customers. This is in line with the One Bank vision of harnessing the competencies and capabilities of various teams for strategic projects in the Bank.

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The HDFC Bank Video KYC facility has been deployed for Savings and Corporate Salary accounts and Personal Loans so far and will be rolled out for other products in a phased manner. As per the RBI directions, successful completion of Video KYC is equivalent to full KYC and the customer is eligible for all financial / banking products. It is available on working days from 10 am to 6 pm.

What customers need for video KYC:

1] Complete Aadhaar OTP-based EKYC in Bank Application;
2] Keep original PAN Card handy;
3] Be in India while performing Video KYC; and
4] Have a smartphone with good data connectivity.

Prospective HDFC Bank customers can now sit in the comfort of their home or office and open a full KYC – all benefits account in HDFC Bank in a few minutes and avail the bank’s world-class products and services. The Video KYC process is online, secure, and quick. It is a paperless, contactless, and recorded interaction between a Bank official and the customer.

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