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Business Economy


Equitas Small Finance Bank Limited launches Video KYC Account

Mumbai, Jul 3 (UNI) Equitas Small Finance Bank Limited (the 'Bank'), the largest small finance bank ('SFB') in India in terms of number of banking outlets as of March 31, 2019, becomes one of the leading banks in the country to launch video KYC account.

This is a web application designed to conduct a remote verification process through a video call. The video call has to be triggered from the Relationship Executive’s domain and the recording for the video call will be stored as well.
The customer has to submit their Aadhaar and pan details on the video call for bank to verify, according to a statement here on Friday.

The Bank has revamped its mobile bank app to deliver most of the services over the app itself.
Further work is on to roll in remaining services also over the app. With this, any person anywhere in the country can open a savings account with Equitas Small Finance Bank, complete the full KYC through video with the Bank employee and start enjoying the benefit of high quality Do It Yourself (DIY) service as well as the better interest rates offered by Equitas on its Savings Account balances.

Mr Murali Vaidyanathan, President & Country Head - Branch Banking, Liabilities, Product & Wealth, Equitas Small Finance Bank Limited, said, ''Equitas SFB has always provided a better experience for its customers. Today, Equitas SFB is bringing in a new digital banking experience to its customers, the new video KYC account is a step forward towards our vision. This will ensure contact less, no branch visit and hassle free account opening and transactions for customers.''
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