Video KYC definition
Video KYC or „V-CIP‟ means live video-based Customer Identification Process to be carried out by an official of the Bank for establishment of an account-based relationship with an individual customer, after obtaining his informed consent in terms of RBI and Bank‟s KYC policy.
Video KYC means the process of performing Know Your Customer (KYC) verification by capturing the Live photograph of the customer and of the various documents (including but not limited to officially valid document) along with capturing the Live location of the customer through a two-way video call between the customer and an ICICI Bank Official.
Examples of Video KYC in a sentence
Customer must possess requisite documents and materials as informed on return journey page tag the hostage of the Video KYC process please avoid any inconvenience.