UIDAI (Unique Identification Authority of India) issued a guideline in 2018 that made it mandatory for the asset management companies and distributors to discontinue the use of Aadhaar card for verification. And in this way Video KYC came into the picture.
Video KYC is a verification process in which the identity of an individual is verified online using a video.
Documents Required Before Video KYC-
After you have uploaded all these documents in your KYC account, you are now ready for the video KYC.
Process of Video KYC
You will be required to click “Record Video” button. After tapping, your front camera will immediately come into operation and will display a number. Speaking the numbers correctly will make your verification step complete.
Video KYC has smoothen the process of verification and reduced the time consumption.