Due to covid-19 pandemic and the subsequent lockdown, the banking system realised the need for a complete digitization for all the services including opening a savings account. This digital initiative helps you in opening an account from the comfort of your home instantly with minimal documentation.
Let us find out in detail about City Union Bank Savings Account via video KYC in detail.
Benefits of Opening City Union Bank Savings Account via Video KYC
Following are the benefits of opening a savings account with City Union Bank with video KYC:
- It’s a complete paperless and contactless process
- You are not required to visit bank even once for opening the savings account
- It requires minimum documentation such as Aadhaar Card and PAN Card
- You will also get a physical debit card for doing all the banking transactions
Steps for Opening City Union Bank Savings Account via Video KYC
Follow the steps mentioned below for opening City Union Bank Savings Account via video KYC:
Step1: An SMS link will be sent for video KYC verification process
Step 2: Customer care agent will interact through the video call
Step 3: Your photograph will be captured and the same will be verified against the photo fetched from UIDAI
Step 4: Your PAN Card will be captured as a proof of identity
Step 5: You will be instructed to sign in a plain paper and capture it
Step 6: Your personal details such as date of birth, mobile number, etc. will be asked
Step 7: Your KYC will be done and you will be able to open an account with CUB
Note: Once done, an SMS link will be sent for KYC completion.
Documents Required for Opening City Union Bank Savings Account via Video KYC
You need to furnish the following doctors for opening City Union Bank Savings Account via video KYC:
- Aadhaar Number
- PAN Card
- White paper and blue pen for signature
Things to Keep in Mind while opening City Union Bank Savings Account via KYC
You must keep the following things in mind while opening City Union Bank Savings Account via KYC:
- The bank will give you a call prior/during the slot hours
- Video interactions are real-time and not pre-recorded
- You must sit in a well-lit room at the time of the video call
- Ensure that you have an uninterrupted data connectivity
- Be physically in India while applying for the savings account
Frequently Asked Questions
Q.What are the charges for video KYC verification of City Union Bank?
The bank does not charge any fee for video KYC verification for City Union Bank Savings Account through video KYC.
Q. What are the video KYC norms by the Reserve Bank of India?
RBI has set a few norms such as the process should be undertaken live using a secured network, the video KYC is allowed to carry out only via a bank’s website or its mobile application, etc.
Q.Do I need to visit the bank branch once the account is opened?
No, you are not required to visit the bank’s branch once your savings account is opened via video KYC.
Q.Can I book a slot for video verification with the bank?
Yes, you can book a slot for video verification with a bank representative and a confirmation SMS will be sent on booking the slot.