IDBI Bank offers facility of  KYC updation  through Video Identification Process

RBI, in its key announcements on May 5, 2021, on Covid measures, has decided to extend the scope of Video based Customer identification process (V-CIP) known as Video KYC.  It has advised the inclusion of additional categories of the customers as well as periodic updating of KYC records through Video KYC, as a customer-friendly measure.

As a response, IDBI Bank has launched the facility of periodic KYC updation through the V-CIP.  Announcing this initiative, Shri Suresh Khatanhar, Deputy Managing Director said “In continuation of various digital measures introduced by IDBI Bank, customers can now update their KYC through the V-CIP without any need to visit the branches.  The customers can initiate the process at their convenience through the V-CIP link available on the Bank’s website. This is a completely contactless process”