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.