Karnataka Bank launches ‘V-CIP’ for account opening

Karnataka Bank has launched ‘Video-based Customer Identification Process (V-CIP)’. It is an online savings bank (SB) account opening facility.

This facility will enable in the corporate website of the bank, strengthen the prospective customers to open an SB account through online process and complete KYC verification through a video call. This is a end-to-end paperless digital process. It also reduces the turnaround time of account opening.