RBI allows OTP-based on-boarding under relaxed KYC norms
The Reserve Bank of India has simplified KYC norms to enable faster, flexible onboarding across physical and digital channels. Customers can now open accounts via Aadhaar e-KYC, video KYC, or DigiLocker. Central KYC integration, Business Correspondent support, and rural outreach efforts aim to boost accessibility, especially for first-time users under government welfare schemes.
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