Internet has simplified almost everything in our lives. Apart from purchasing electronics to clothes online, internet has also simplified banking for everyone. Be it transferring money or checking you’re a/c balance, it can be done easily from the comfort of your home thanks to the internet. Even the KYC process when you open a savings a/c can also be done online. So, if you happen to have an Airtel Payments Bank a/c, you can now do video KYC to complete the verification process. But what is it and how is it done? Read on to know more
What is Video KYC?
Just like the KYC process that takes place in a bank, video KYC is the process of verifying your identity for you to enjoy a smooth banking experience. As the name suggests, this is done through a video call that takes place between you and the bank. In just a few steps, your verification is completed, and you can access the different features that your bank offers.
How is it done?
To initiate the video KYC process for your Airtel Payments Bank a/c:
- Open the Airtel Thanks app on your phone.
- Log in with your mobile number.
- Select the ‘Video KYC’ option in the app.
- Fill in the required details.
- Submit your PAN and Aadhaar details.
- Initiate a video call with a bank official.
- Keep your PAN card with you during the call for verification.
Once the video call has been completed, you will receive your account details along with your digital debit card.
Why is it better?
There are many benefits that you can enjoy with this feature
Convenience
A plus point about this feature is that you can do it from the comfort of your home or while you are at your work. As the necessity of visiting your bank is eliminated, you can initiate the call anytime between 10:00 am-9:00 pm during the whole week.
Paperless Documentation
As the whole process takes place online, you are not required to submit photocopies of the necessary documents. Not only does this reduce paper mess, but it also saves time and money from making multiple copies. All you must do is submit photos of the documents.
Online Update
If you change your address or number and want to update it in your Airtel Payments Bank a/c, you can do that as well. To do the KYC update, simply initiate the video call and submit your updated details. After the verification is done, your details will get updated immediately.
This way, you can verify your Airtel Payments Bank a/c from the Airtel Thanks app with just a single video call. Apart from the benefit of convenience, you can enjoy the various features such as 6% interest p.a, unlimited deposits and zero contact payments. And, you do not have to maintain minimum balance with the 0-balance account when you open your savings a/c with Airtel Payments Bank.