{"id":59021,"date":"2026-08-28T10:11:49","date_gmt":"2026-08-28T04:41:49","guid":{"rendered":"https:\/\/financialtelegraph.in\/index.php\/2026\/08\/28\/how-to-open-a-savings-account-online-video-kyc-in-10-minutes\/"},"modified":"2026-08-28T10:11:49","modified_gmt":"2026-08-28T04:41:49","slug":"how-to-open-a-savings-account-online-video-kyc-in-10-minutes","status":"publish","type":"post","link":"https:\/\/financialtelegraph.in\/index.php\/2026\/08\/28\/how-to-open-a-savings-account-online-video-kyc-in-10-minutes\/","title":{"rendered":"How to Open a Savings Account Online: Video KYC in 10 Minutes"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>New Delhi [India], August 28: <\/strong>Opening a Savings Account online can be significantly faster than visiting a branch, particularly when the bank offers Video-based Customer Identification Process (V-CIP). Instead of completing the entire KYC process in person, eligible customers can verify their identity through a live video interaction with an authorised official of the bank.<\/p>\n<p class=\"wp-block-paragraph\">The process can potentially be completed within minutes when the applicant has the required information and documents ready. However, the actual account-opening time depends on the bank&#8217;s digital onboarding process, verification requirements and application status.<\/p>\n<h2 class=\"wp-block-heading\"><strong>How Does Video KYC Work for Opening a Savings Account?<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">Video KYC, formally known as <strong>Video-based Customer Identification Process (V-CIP)<\/strong>, is a live, consent-based audio-visual process used to verify a customer&#8217;s identity remotely.<\/p>\n<p class=\"wp-block-paragraph\">Under RBI&#8217;s current KYC framework, banks can use V-CIP for new individual customer onboarding. A compliant V-CIP process is treated on par with face-to-face Customer Identification Process.<\/p>\n<p class=\"wp-block-paragraph\">The process generally involves:<\/p>\n<ol start=\"1\" class=\"wp-block-list\">\n<li>Completing the online account-opening application.<\/li>\n<li>Providing the required KYC information.<\/li>\n<li>Initiating the Video KYC session.<\/li>\n<li>Completing live identity verification with an authorised bank official.<\/li>\n<li>Displaying or providing the required identification documents.<\/li>\n<li>Completing verification and account activation according to the bank&#8217;s process.<\/li>\n<\/ol>\n<p class=\"wp-block-paragraph\">During the session, the bank verifies the customer&#8217;s identity and checks that the person completing the application matches the submitted identification information.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Can I Open a Savings Account Fully Online Using Video KYC?<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">Yes, eligible customers can open a Savings Account through a fully digital onboarding process where the bank provides online account opening and V-CIP.<\/p>\n<p class=\"wp-block-paragraph\">RBI&#8217;s current framework specifically permits V-CIP for new individual customer onboarding. The process can use one of several permitted identification methods, including:<\/p>\n<ul class=\"wp-block-list\">\n<li>OTP-based Aadhaar e-KYC authentication<\/li>\n<li>Offline verification of Aadhaar<\/li>\n<li>KYC records retrieved from the Central KYC Records Registry (CKYCR)<\/li>\n<li>Equivalent electronic versions of Officially Valid Documents, including eligible documents issued through DigiLocker<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">The exact steps and available options depend on the bank&#8217;s digital account-opening journey.<\/p>\n<p class=\"wp-block-paragraph\">Therefore, &#8220;fully online&#8221; does not mean every bank will use exactly the same process. Some may require additional verification depending on the customer&#8217;s circumstances or the account being opened.<\/p>\n<h2 class=\"wp-block-heading\"><strong>What Do I Need for Video KYC Account Opening?<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">Preparing the required information beforehand can make the process considerably quicker.<\/p>\n<p class=\"wp-block-paragraph\">You will generally need:<\/p>\n<h3 class=\"wp-block-heading\"><strong>PAN or e-PAN<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">The bank must capture and verify the customer&#8217;s PAN details during V-CIP. RBI&#8217;s framework allows an e-PAN to be used, subject to the prescribed verification requirements. A printed copy of an electronic document is not treated as a valid equivalent e-document for V-CIP.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Aadhaar or Another Permitted KYC Record<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">Depending on the verification route offered by the bank, you may use Aadhaar-based authentication, offline Aadhaar verification, your KYC Identifier, or an eligible electronic Officially Valid Document.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Registered Mobile Number<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">Keep the mobile number used during the application process active and accessible. It may be required for OTP-based authentication and other verification steps.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Smartphone or Compatible Device<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">You need a device capable of supporting the bank&#8217;s live audio-video interaction, along with a functioning camera and microphone.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Stable Internet Connection<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">Since V-CIP is conducted as a live interaction, a stable internet connection can help prevent interruptions or failed sessions.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Good Lighting and a Clear View<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">The bank needs to verify your identity visually. Keep your face clearly visible and avoid conditions that make identification difficult.<\/p>\n<h2 class=\"wp-block-heading\"><strong>How to Open a Savings Account Online Through Video KYC<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">The exact interface varies by bank, but the general process can be completed in a few steps.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Step 1: Start the Online Application<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">Visit the bank&#8217;s official website or Mobile Banking application and select the relevant Savings Account.<\/p>\n<p class=\"wp-block-paragraph\">Enter your basic personal and contact information as requested.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Step 2: Provide KYC Information<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">Submit the required PAN details and select the available KYC verification method.<\/p>\n<p class=\"wp-block-paragraph\">Depending on the bank&#8217;s process, you may be able to use Aadhaar-based authentication, CKYCR information or another permitted electronic document.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Step 3: Complete Video KYC<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">Start the live video session when prompted. An authorised bank official conducts the interaction and verifies your identity.<\/p>\n<p class=\"wp-block-paragraph\">The V-CIP process includes measures such as live interaction, facial matching and liveness checks to help prevent impersonation and fraudulent manipulation.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Step 4: Complete Account Activation<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">After successful verification and the bank&#8217;s required checks, the account can be made operational according to the bank&#8217;s process.<\/p>\n<p class=\"wp-block-paragraph\">RBI requires accounts opened through V-CIP to undergo concurrent audit to ensure the integrity of the process.<\/p>\n<h2 class=\"wp-block-heading\"><strong>How Can You Complete Video KYC Faster?<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">If you want to <strong>open <\/strong><a href=\"https:\/\/www.axis.bank.in\/accounts\/savings-account\/amaze-zero-balance-savings-account\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>zero balance account<\/strong><\/a><strong> online<\/strong> quickly, prepare before starting the application.<\/p>\n<p class=\"wp-block-paragraph\">Keep your:<\/p>\n<ul class=\"wp-block-list\">\n<li>PAN or e-PAN ready<\/li>\n<li>Aadhaar or permitted KYC information available<\/li>\n<li>Mobile phone charged<\/li>\n<li>Internet connection stable<\/li>\n<li>Camera and microphone working<\/li>\n<li>Face clearly visible<\/li>\n<li>Original documents available if required by the bank<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">Also ensure that the personal details entered in the application match your KYC information.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Can You Open a Zero Balance Account Through Video KYC?<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">A <strong>zero balance account<\/strong> can be opened online through Video KYC if the bank offers that account type through its digital onboarding process and you meet the applicable eligibility requirements.<\/p>\n<p class=\"wp-block-paragraph\">Before applying, check the account&#8217;s minimum balance conditions, transaction limits, Debit Card features, applicable charges and other terms. The <strong>best zero balance account opening online<\/strong> option is not necessarily the one with the fastest application. The account&#8217;s features and conditions matter just as much once the ten-minute administrative miracle is over.<\/p>\n<p class=\"wp-block-paragraph\">When comparing available options, consider factors that may help identify the <a href=\"https:\/\/www.axis.bank.in\/accounts\/savings-account\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>best bank for savings account<\/strong><\/a> needs, including digital banking facilities, account features, applicable charges and the overall suitability of the account.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">Video KYC has made it possible for eligible customers to complete the identity-verification stage of opening a Savings Account without visiting a branch. RBI&#8217;s current KYC framework permits V-CIP for new individual customer onboarding and recognises compliant V-CIP as equivalent to face-to-face customer identification.<\/p>\n<p class=\"wp-block-paragraph\">If you want to <strong>open zero balance account online<\/strong>, having your PAN, permitted KYC information, active mobile number, compatible device and stable internet connection ready can make the process faster. The exact time required will depend on the bank&#8217;s digital onboarding journey and successful completion of all verification requirements.<\/p>\n<p class=\"wp-block-paragraph\">When choosing an account, evaluating digital facilities, charges, transaction features and eligibility can also help you determine the <strong>best bank for savings account<\/strong> requirements.<\/p>\n<p class=\"wp-block-paragraph\">\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India], August 28: Opening a Savings Account online can be significantly faster than visiting a branch, particularly when the bank offers Video-based Customer Identification Process (V-CIP). Instead of &hellip; <a href=\"https:\/\/financialtelegraph.in\/index.php\/2026\/08\/28\/how-to-open-a-savings-account-online-video-kyc-in-10-minutes\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":59020,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-59021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/59021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/comments?post=59021"}],"version-history":[{"count":0,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/59021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media\/59020"}],"wp:attachment":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media?parent=59021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/categories?post=59021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/tags?post=59021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}