ICICI Bank unveils ‘Video KYC’ for Savings Account, Personal Loan and Credit Card


Private lender ICICI Bank today launched a facility that will help the retail customers in completing their ‘Know Your Customer’ (KYC) process just video interaction.


In the wake of the Covid-19 outbreak, the Bank made the facility available to the new customers willing to open a savings account, including a salary account, or avail a personal loan with the Bank.

Besides, the facility is also available to the customers applying for ‘Amazon Pay ICICI Bank Credit Card’. The lender will be extending the ‘Video KYC’ facility soon to other credit cards variants, home loans and other retail products.

In addition, the lender is the first one in the industry to offer this facility for opening salary accounts and availing a personal loan.

Also Read: ICICI Bank deploys two mobile ATM vans in Mumbai

Anup Bagchi, Executive Director, ICICI Bank said, “The facility of doing KYC verification through video interaction brings in a new paradigm as it makes the whole process digital, frictionless and fast to the customer. It assumes special significance at this time, where in the ‘new normal’, people are advised to conduct their activities digitally, as part of their continuing precaution against the Coronavirus pandemic.


The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.