Empowering Financial Inclusion: A Comprehensive Guide to Indian Bank Online Account Opening with Video KYC

Introduction

In the era of digital transformation, the banking sector has witnessed a paradigm shift towards online account opening. Indian Bank, a pioneer in the financial industry, has introduced a revolutionary Video KYC facility that simplifies the process, making it secure, convenient, and accessible for all. This guide will provide you with a step-by-step walkthrough of Indian Bank's online account opening process with Video KYC, empowering you to open a bank account from the comfort of your home.

Step-by-Step Guide to Indian Bank Online Account Opening with Video KYC

Step 1: Visit the Indian Bank Website

Navigate to the official website of Indian Bank at www.indianbank.in. On the homepage, click on the "Open an Account" tab located in the top navigation bar.

Step 2: Select Account Type

A list of different types of accounts offered by Indian Bank will be displayed. Choose the account type that best suits your needs, such as Savings Account, Current Account, or Fixed Deposit Account.

Step 3: Fill Up the Application Form

Fill out the online application form with your personal details, including name, address, contact information, and other necessary details. Ensure the information provided is accurate and complete.

Step 4: Schedule Video KYC

Once the application form is submitted, you will be asked to schedule a Video KYC appointment. Choose a convenient time slot and provide your Aadhaar number and Registered Mobile Number.

Step 5: Video KYC

On the scheduled appointment time, an Indian Bank representative will connect with you via video call. They will verify your identity by asking you to hold up your Aadhaar card and capturing a real-time image of your face.

Step 6: Document Verification

Upload the necessary documents for address proof and income proof, as required by Indian Bank. The documents can be uploaded in PDF or image format.

Step 7: Account Activation

After successful document verification, your Indian Bank account will be activated. You will receive an email and SMS notification with your account number and other relevant details.

Benefits of Using Indian Bank Online Account Opening with Video KYC

• Convenience: Open an account from the comfort of your home, without the need to visit a bank branch.
• Security: The Video KYC process is highly secure, preventing fraud and identity theft.
• Efficiency: The online process eliminates the need for paperwork and extensive documentation, saving time and effort.
• Accessibility: Indian Bank's online account opening with Video KYC is available 24x7, making it accessible to individuals who may not have access to a physical bank branch.

Statistics and Importance

According to the World Bank, over 1.7 billion adults globally remain unbanked. In India, the Reserve Bank of India (RBI) has set a target to increase the proportion of the adult population with bank accounts to 100% by 2022. Indian Bank's online account opening facility with Video KYC plays a crucial role in achieving this goal by making banking services accessible to even the most remote and underserved populations.

Funny Stories and Learnings

Story 1:

A young man was so excited about opening an account online that he forgot to enter his name correctly. When he later received his account details, he realized he had mistakenly entered his cat's name. (Lesson: Always double-check your information before submitting.)

Story 2:

An elderly woman encountered a technical glitch during her Video KYC. She accidentally turned on the "Cat Filter" on her video call, leaving the Indian Bank representative amused and the woman in a fit of laughter. (Lesson: Even technology mishaps can make the process fun.)

Story 3:

A group of friends decided to open joint accounts together. However, during their Video KYC, one of them started playing guitar while another began singing. The Indian Bank representative had to politely remind them to remain serious during the verification process. (Lesson: Keep it professional, even in group account openings.)

Useful Tables

Table 1: Types of Indian Bank Accounts with Video KYC

Table 2: Documents Required for Indian Bank Online Account Opening with Video KYC

Table 3: Fees and Charges for Indian Bank Online Account Opening with Video KYC

Tips and Tricks

• Ensure your internet connection is stable during the Video KYC process.
• Have all necessary documents ready and scanned before starting the online application.
• Dress professionally for the Video KYC appointment.
• Be polite and respectful to the Indian Bank representative.

Common Mistakes to Avoid

• Entering incorrect or incomplete personal information in the application form.
• Scheduling a Video KYC appointment at an inconvenient time.
• Not providing clear and legible copies of required documents.
• Interrupting the Indian Bank representative during the Video KYC process.

FAQs

Q1: Is Video KYC mandatory for opening an account with Indian Bank?

A: Yes, Video KYC is mandatory for all new account openings with Indian Bank.

Q2: What if I don't have an Aadhaar card?

A: In the absence of an Aadhaar card, you can submit alternative identity documents such as a PAN Card and Voter ID.

Q3: How long does the online account opening process with Video KYC take?

A: The entire process typically takes 15-20 minutes, including the Video KYC appointment.

Q4: Can I deposit cash into my Indian Bank account online?

A: No, cash deposits cannot be made online. You can deposit cash by visiting a nearby Indian Bank branch.

Q5: What are the restrictions on account opening with Video KYC?

A: Indian Bank may impose certain restrictions on account opening through Video KYC, such as minimum age requirements and income limits.

Q6: Can I open a joint account with Video KYC?

A: Yes, joint account opening is also possible with Video KYC. All joint account holders must be present during the Video KYC appointment.

Conclusion

Indian Bank's online account opening facility with Video KYC offers a seamless and secure way to open a bank account without visiting a physical branch. By following the steps outlined in this guide, you can effortlessly create an Indian Bank account from the comfort of your home, empowering you to access essential banking services and participate in the financial mainstream.