Is video KYC required for Shivalik SF Bank?
Video KYC is an RBI-mandated process that is a one-time requirement for each bank. Below are the conditions under which video KYC is required:
Video KYC is required if:
You are booking your first FD with a particular bank for an amount greater than ₹90,000 or with a tenure greater than 1 year.
You are booking your second FD with a particular bank, where the first booking did not require video KYC.
Hey, vkyc is a one-time process per bank once you complete vkyc with Shivalik SF Bank next FD’s you will book will not require vkyc and it will book directly, and validity of the vkyc will be 3 years not precise.