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V-CIP
V-CIP News
Reserve Bank of India
30 Dec 2021
Bank customers, Alert! RBI extends periodic KYC deadline; check last date
The deadline was previously extended till December from May 31. The RBI had advised the regulated entities not to impose punitive restrictions on customers' accounts. The RBI has also allowed video KYC or V-CIP for select customers.
RBI
11 May 2021
Here’s how video-based customer identification process becomes easier
Among others, RBI regulated entities (REs), include banks, NBFCs, and payment system operators. REs may also undertake V-CIP for conversion of existing accounts opened in non-face to face mode using Aadhaar OTP based e-KYC authentication, and update or periodic updation of KYC for eligible customers. The central bank has also specified certain minimum standards which regulated entities will have to follow while opting to undertake V-CIP.
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