MoneyWorks4Me

IDFC First Bank launches video KYC facility for customers to open savings accounts

28 May 2020 Evaluate

IDFC First Bank has launched video KYC facility so that customers can open savings accounts without the need to visit a branch office. The zero-contact method completely does away with paper work or biometric verification, thereby removing physical interaction between the bank and customer from the know your customer (KYC) process. Customers can start earning 7 per cent interest and maximise their returns on funds held or invested anywhere else.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

Peers
Company Name CMP
HDFC Bank 739.00
ICICI Bank 1339.50
Axis Bank 1242.50
Kotak Mahindra Bank 412.50
Indusind Bank 953.00
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