V-CIP

Bank customers, Alert! RBI extends periodic KYC deadline; check last date

RBI has extended the last date for periodic KYC updates till March 31. 

Dec 30, 2021, 16:57 PM IST

RBI simplifies KYC norms; here’s how video-based customer identification process becomes easier

V-CIP is an alternate method of customer identification with facial recognition and customer due diligence by an authorised official of the regulated entity by undertaking seamless, secure, live, informed-consent based audio-visual interaction with the customer to obtain identification information.  Among others, RBI regulated entities (REs), include banks, NBFCs, and payment system operators.

May 11, 2021, 22:31 PM IST