Relief for finance firms as RBI allows video KYC

In a step to save costs and time, the RBI decided to permit videobased KYC (Know Your Customer) which will be a huge relief to map remote customer authentication, as opposed to physically onboarding customers. The provision allows an officer of the institution to remotely vet a customer’s identity through PAN or Aadhaar and a few questions.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2R0eEYJ