Video KYC of Bank of Baroda facility can be used only by individual account holders of the Bank who are Indian citizens above 18 years of age and have Aadhaar number and PAN card. In the first step, customers will have to visit the BoB website and apply for re-KYC. After the online application is submitted, the bank employee will complete the KYC process by making a video call. During this, the customer will have to carry PAN card, a white paper and a blue or black colored pen with him.
The bank said in the statement that the video KYC call will be made between 10 am to 6 pm on any business day. As soon as the video call is completed, the information related to the customer will be updated in the bank’s records. This information will also be given to the customer by sending a message.
Video KYC of Bank of Baroda facility for digital savings accounts in the year 2021. Now this has been extended to its traditional customers also.
Let us tell you, it is a regulatory requirement for banks to do KYC check of their corporate customers. The KYC Registry is used by over 5,500 financial institutions worldwide to manage the KYC exchange process.
Video KYC of Bank of Baroda explained
Video KYC is a remote method of verifying a person’s identity using a video call. This allows customers to complete their KYC process from the comfort of their home, eliminating the need to visit a physical branch. This technology-driven solution provides a secure and convenient way to authenticate customer details.
Why is this important Video KYC of Bank of Baroda for account holders?
It is important for Bank of Baroda account holders to complete the video KYC process as it ensures compliance with regulatory requirements. KYC is a mandatory process for financial institutions to prevent fraud, identity theft and money laundering. By verifying the identity of customers, Bank of Baroda can provide a secure banking experience to its customers.
Read More : How to Generate MMID of Bank of Baroda?
Step 1: Preparing for Video KYC
Before starting the Video KYC process, it is important to collect all the necessary documents and information. This generally includes a valid ID proof, address proof and passport size photograph. Make sure you have these documents readily available. Also, make sure you have a stable internet connection and find a quiet and well-lit room for the video call.
Step 2: Scheduling Video KYC
Contact Bank of Baroda to book an appointment for your Video KYC. Once the appointment is confirmed, you will receive details such as date, time and video call platform used for the verification process. It is important to note these details for future reference.
Step 3: Getting ready for video KYC
To make a good impression during a video call, it is important to dress appropriately and professionally. Keep your ID proof and other necessary documents ready for verification. Familiarize yourself with the video call platform that will be used, making sure you know how to navigate the interface and use its features.
Step 4: Video KYC Process
Join the video call as per the instructions given by Bank of Baroda on the scheduled date and time. Start by introducing yourself and stating the purpose of the call. Follow the instructions given by the bank representative and answer all questions accurately and truthfully. Present your identification documents as requested and complete any additional verification steps if required.
Step 5: Post Video KYC
Once the video KYC process is complete, take time to confirm all the details provided during the call. If you have any questions or need clarification, don’t hesitate to ask a bank representative. Express your gratitude for their assistance and end the call on a positive note.
Tips and suggestions
To ensure a smooth video KYC process, here are some tips and tricks to keep in mind:
- Ensure proper lighting and clear visibility during the call to facilitate easy verification.
- Please test your internet connection and video call setup beforehand to avoid any technical issues.
- Double-check all required documents and information to avoid delays or rejections.
- Be patient and cooperative throughout the process, as it may take some time to complete.
- Make note of any reference or acknowledgment numbers given for future reference.
Conclusion
Completing Video KYC is a necessary process for Bank of Baroda account holders to comply with regulatory requirements and ensure a secure banking experience. By following the steps mentioned above and using the tips and tricks given, customers can successfully complete their video KYC process. Adopt this convenient and technology-driven solution to authenticate your identity and enjoy hassle-free banking with Bank of Baroda.