Definition
E-KYC stands for Electronic Know Your Customer. It is a paperless process used to verify a person’s identity digitally using Aadhaar-based authentication. This method is widely used by banks, digital wallets, and financial platforms to confirm user identity quickly and securely.
Key Features
- Fast and paperless verification
- Uses Aadhaar details with OTP or biometric
- Reduces fraud and speeds up onboarding
- Required for opening bank accounts, investing, or using digital financial services
E-KYC ensures regulatory compliance while offering convenience to users.
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