Karnataka Bank has ‘Video-Based Customer Identification Process (V-CIP)’ Through Online Savings Bank (SB) account opening facility has been introduced. The enabled facility in the Bank’s corporate website empowers the prospective customers to open an SB account through an online process and complete the KYC (Know Your Customer) verification through a video call at the place of their convenience.

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The end-to-end paperless digital process leverages the bank’s API (Application Programming Interface) by which automatically fills up the account opening form, validates PAN/Aadhaar number instantly and process KYC through video call fulfills. The facility of online SB account opening through V-CIP will take the customer experience to a new height as it eliminates the need for physical presence of the customer at the branch to complete the Know Your Customer (KYC) process for account opening. Reduces turnaround time.

Important takeaways for all competitive exams:

  • Karnataka Bank Headquarters: Mangaluru;
  • CEO of Karnataka Bank: Mahabaleshwar MS;
  • Establishment of Karnataka Bank: 18 February 1924.

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