Opening a Kotak 811 Account via Video-Based KYC Process: Required Documentation and Verification Steps

Opening a Kotak 811 account through a video-based Know Your Customer (KYC) process involves specific documentation requirements. This article provides a comprehensive guide on the documents needed, along with the verification steps to ensure a smooth account opening process.

Documents Required for Video-Based KYC

To open a Kotak 811 account via video KYC, you need to provide the following documents:

Identity Proof

Aadhar Card National Passport Voter ID Driving License

Address Proof

Aadhar Card, if it has your current address (Note: Optional if other address proofs are available) Utility bills (electricity, water, etc.), not older than 3 months Bank statement, not older than 3 months Rental agreement

Selfie

A recent photograph of yourself, which can be taken during the video call.

PAN Card

Although not always mandatory, a PAN card is often required for KYC compliance. It can be presented at the time of the video call, but note that physical submission may be required for permanent record keeping.

Mobile Number

A registered mobile number for OTP verification.

Understanding the KYC Process

During the KYC process, two types of documents are generally required:

Identity Documents

These are used to verify your identity.

Address Documents

These are used to verify your address.

It is important to understand that different businesses may have different acceptance criteria for these documents, based on their specific needs. Banks, like Kotak Mahindra Bank, often guide third-party verification providers on the type of documents required. In some cases, as with Kotak 811, a customer can get verified using just a PAN card.

Special Cases and Requirements

For Kotak 811 specifically, you need a physical PAN card and Aadhaar number to open an account via video KYC. Submissions of Aadhaar numbers are voluntary, meaning the process can be completed without formally providing an Aadhaar number, though it is generally preferred for streamlined verification.

Conclusion

Understanding the requirements and steps for opening a Kotak 811 account through a video-based KYC process is crucial to avoid any delays or issues in the account opening process. Always check Kotak Mahindra Bank's official website or contact their customer service for the most current requirements, as these can vary.