What is e-KYC? How e-KYC work?

Important banking qna for banking aspirants, which is helpful in banking exam.

Created On: Jan 15, 2015 16:59 IST
Modified On: Jan 16, 2015 11:47 IST

What is e-KYC? How e-KYC work?

  • e-KYC stands electronic KYC.
  • e-KYC is possible only for those who have Aadhaar numbers.
  • For using e-KYC service, one have to authorize the Unique Identification Authority of India (UIDAI), by explicit consent, to release his/her identity/address through biometric authentication to the bank branches/business correspondent (BC).
  • The UIDAI then transfers your data comprising name, age, gender, and photograph of the individual, electronically to the bank/BC. Information thus provided through e-KYC process is permitted to be treated as an ‘Officially Valid Document’ under PML Rules and is a valid process for KYC verification.

Jagran Play
रोमांचक गेम्स खेलें और जीतें एक लाख रुपए तक कैश
ludo_expresssnakes_ladderLudo miniCricket smash
ludo_expresssnakes_ladderLudo miniCricket smash

Related Categories

Comment (0)

Post Comment

4 + 9 =
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.