The Reserve Bank of India (RBI) has made changes to its know your customer (KYC) rules for opening a new bank account. The amendment now allows banks to open new accounts and perform electronic KYC using one time pins (OTPs) on mobile phones. In a notification on its website, RBI stated, “It has been decided to […]
The post RBI Aims To Quicken Account Opening Process – Allows eKYC Via OTP appeared first on Inc42 Media.