Empower Your Banking Journey: Bank of Maharashtra Introduces Video-KYC for a Smooth and Personalized Account Opening Experience

By: Neha Patel, Content Writer | Thursday, 21 March 2024

In an era where convenience and time are valued more than ever, Bank of Maharashtra continues to move forward by incorporating technology into banking activities, notably through the Video-KYC process for opening savings accounts. This effort is made to enhance the customer experience by making bank services more accessible without the necessity of physical branch visits.  Customers can visit the official website for the application process: Video KYC

Streamlining Account Opening with Video-KYC

Traditionally, setting up a savings account was synonymous with long lines and extensive paperwork. Recognizing the trend toward providing digitally accessible banking services, Bank of Maharashtra is converting its banking procedures to a digital format using video-KYC. This implementation of technology in banking activities not only simplifies the process but also secures it by integrating artificial intelligence for face recognition and online document verification.

Preparing for Video-KYC: Essentials for a Smooth Transition

Prospective customers looking forward to embracing this digital shift need to have a few key items at hand, such as an Aadhaar number, a mobile number linked with an Aadhaar, an original PAN card image, and a signature on white paper. Having these requirements ready ensures a smooth and quick account activation journey.

The Path to Account Activation: A Step-by-Step Guide

Initiating the Video-KYC process is straightforward:

• Visit Bank of Maharashtra's official website and find the VCIP icon.
• Select the preferred language to ensure clarity throughout the process.
• Opt for opening a new account via VKYC by clicking on "I want to open a new account via VKYC."
• Then acknowledge the terms and fill in the necessary branch and personal information.

A detailed guide through this process is available in a walkthrough video (https://youtu.be/NrjmLKQqVz8?feature=shared), aimed at providing clarity and assistance.

At this stage, customers can schedule their video-KYC session. A bank official executive assists through this interaction, during which customers will provide a reference number sent to the linked mobile number, ensuring a secure, two-way verification process. This process underscores the bank's commitment to robust and transparent operations.

Reaping the Benefits: Post-Verification Perks

Following a successful video-KYC session, account activation is done within 24 hours. Customers then gain access to a wide array of banking products through both the Internet banking platform and the MahaMobile app. The quick transaction notifications and the ability to manage finances digitally underscore the bank's shift towards customer-oriented service improvements.

Transforming Banking: The Vision Ahead

Bank of Maharashtra's initiative to integrate Video-KYC into account opening procedures marks a significant milestone in their journey towards digital banking excellence. It not only simplifies the banking experience but also aligns with the evolving banking landscape, geared towards offering seamless, secure, and efficient banking solutions that meet the needs of today's digital-centric world.

For further details, interested individuals can visit Bank of Maharashtra's official website dedicated to Video-KYC and VCIP information: https://bankofmaharashtra.in/vcip