Digital KYC

byDilip PrasadLast Updated: July 31, 2025

Meaning

The full form of KYC is Know Your Customer. Digital KYC is the paperless, online method of verifying a customer’s identity using digital documents and biometric data.

How It Works

Customers upload documents or complete live video calls for verification, instead of visiting a branch or submitting physical copies.

Benefits

Faster onboarding, cost-effective for institutions, and accessible for users from remote areas.

You May Also Like

Aadhaar-based UPILast Updated: July 11, 2025

Definition Aadhaar-based UPI allows users to send or receive money using their Aadhaar number linked to a bank…

Expenditure Method: Formula & WorkingLast Updated: October 21, 2024

What is the Expenditure Method? Expenditure method is a method used for the calculation of Gross Domestic Product…