Is video KYC required for South Indian 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.