Which FDs require Video KYC?
Video KYC is a one-time bank-required process to approve your FD as per RBI regulations.
Video KYC is needed if you -
1. Book your first FD with Utkarsh SF Bank of above ₹90,000 or a tenure of more than 1 year.
2. Book your first FD with Shivalik SF Bank of above ₹90,000 or a tenure of more than 1 year.
3. On booking a second FD with Utkarsh SF Bank or Shivalik SF Bank, and Video KYC was not done for the first FD.
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Which FDs do not require Video KYC?
Video KYC is a one-time bank-required process to approve your FD as per RBI regulations. Video KYC is NOT needed if you - 1. Book your first FD with Utkarsh SF Bank for 1 year tenure and the amount is ₹90,000 or less. 2. Book your first FD with ...
How can I complete my Video KYC?
Once Video KYC is done with the bank, you can book subsequent FDs with that bank instantly. Video KYC can be done within 2 minutes of paying for your FD between 9:30 am and 6:30 pm on working days. Keep the below items handy: A physical copy of your ...
Can I show my e-PAN for Video KYC?
As per the bank's requirements, digital PAN card images/e-PAN cards are not accepted during Video KYC. You need to show your physical PAN to the bank agent for Video KYC verification.
I’ve finished my Video KYC successfully, do I need to do it again?
Thank you for reaching out to us. Not at all, if you’ve successfully finished your Video KYC with the bank, the next FD you book with that bank will be one-click! Hope this helps.
Which FDs are insured by RBI?
Thank you for writing to us. All deposits with nationalised and private banks are insured by DICGC, a subsidiary of RBI. FDs on Stable Money with Utkarsh Small Finance Bank and Shivalik Finance Bank FDs are insured for up to ₹5 Lakhs. As per RBI, any ...