Bank of Baroda along with RegTech firm Signzy has taken an initiative of digitizing customer verification through ‘Video KYC’ for opening a savings account. You can now instantly open an account with BOB as it is a hassle-free verification process that requires minimum documentation.
Keep reading to know how to open a Bank of Baroda savings account through video KYC.
Benefits of Opening Bank of Baroda Savings Account via Video KYC
Follow the steps mentioned below to open Bank of Baroda Savings Account via video KYC:
- It leads to secure customer on-boarding
- Paperless and contactless process opens account instantly
- You can avail facility of debit cards, internet banking and mobile banking
How to Open Bank of Baroda Savings Account via Video KYC
Through video-KYC, the bank representative will initiate a remote video call with the customer. During this process, the customer is required to show his/her PAN Card to the representative who will also take screenshots to capture the same.
Documents Required for Opening Bank of Baroda Savings Account via Video KYC
Following documents are required to open Bank of Baroda Savings Account via video KYC:
- White paper and blue pen
- Aadhaar Card
- PAN Card
Things to Keep in Mind while opening Bank of Baroda Savings Account via KYC
Things to keep in mind while opening Bank of Baroda Savings Account via KYC:
- Ensure good internet connectivity
- Make sure that no VPN or proxy settings are on
- Video KYC link is available for Chrome, Firefox, Microsoft Edge, Opera or Safari on desktop/laptop or mobile
- Your room must be well lit
Frequently Asked Questions
Q.Do I need to visit the bank branch once the account is opened?
No, you are not required to visit the BOB branch once your savings account is opened through video KYC.
Q.What are the charges for video KYC verification of Bank of Baroda?
The bank does not charge any fee for opening a savings account of Punjab National Bank via video KYC.
Q.What are the norms set by the Reserve Bank of India for video KYC?
The Reserve Bank of India has set various norms relating to video KYC such as video must be recorded live via secured and uninterrupted network and bank’s website or it’s mobile app will be allowed to carry out a video call, etc. For more details you can visit the official website of RBI.