RBI launched Aadhaar-based 'V-CIP' process

On 9th January 2020, The Reserve Bank of India (RBI) was launched the Aadhaar-based Video Customer Identification Process (V-CIP).
The objective of this new process is to allow banks to remotely complete the KYC process of customers on videos.
The RBI has also facilitated eKYC and digital KYC by allowing the use of Aadhaar or other e-documents in the customer due to the diligence process.
Current Governor of RBI - Shaktikanta Das

Published On : 11 Jan 2020