Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank has launched a video-based KYC that will make it easier to open an account remotely, especially during the COVID-19 pandemic. Customers will need to share Aadhaar and PAN numbers as part of the account opening process under the video KYC system to open the 'Kotak 811 savings account’.

The facility will be used only for the savings accounts on a pilot basis. Once a customer requests to open an account on the website, a bank executive will come on the video call with the customer and will involve the customer signing on a blank paper and the entire video will be saved by the bank.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.