Big decision of RBI: Now documents in digital locker are acceptable for KYC The Reserve Bank of India (RBI) has given official rec...
Big decision of RBI: Now documents in digital locker are acceptable for KYC
The Reserve Bank of India (RBI) has given official recognition to the Digital Locker platform and its digital documents. The latest RBI circular on KYC states that e-documents issued by the authority to the customer's digital locker account are now accepted in the KYC process. After this circulation of RBI, documents related to KYC can be submitted to crores of people through digital lockers. Through the Central Government's Digital Locker Scheme, you can keep all your educational documents, identity and address proof here. If you are going to interview, then you can give a link there, so that your document will be easily checked. You do not need to carry the original documents for this.
RBI notifies its official recognition to the DigiLocker platform & its digital documents! RBI's latest Master Circular on KYC says e-documents issued by issuing authority to Customer Digital Locker a / c is now accepted in the KYC process.The RBI notification is in follow-up to the inclusion of DigiLocker e-documents in the PMLA Act (The Prevention of Money-laundering (Maintenance of Records) Rules, 2005) that happened in Aug 2019. /2 https://t.co/qmylGojdPC— DigiLocker (@digilocker_ind) January 10, 2020
RBI Recognises DigiLocker for KYC Process
· Banks now allowed to use Video KYC when onboarding customers
· Live photo of customer & his/her valid document allowed as a proof of identification
· Geo-tagging of customers allowed to ensure physical presence in the country
· Will reduce cost of customer acquisition & ease customer service process
What is Digital Locker?
Digital Locker or Digi Locker is a kind of virtual locker. It was launched by Prime Minister Narendra Modi in July 2015, although the rules related to it were notified in 2017. The government claims that once they upload their documents in the locker, they do not need to be physically kept. You can run your work by showing it when the concerned officer demands it. The officer has to recognize it.
It is very important to have a Aadhar
If you have an Aadhar Card, then only you will be able to keep your necessary documents in Digital Locker or Digi Locker. The locker opens your account only through the information of your Aadhar Card. You can upload your documents after opening the account in Digi locker.
Keep these e-documents
In DigiLocker you can keep PAN card, educational certificate, caste and birth certificate, ration card, driving license, vehicle registration certificate, etc. Under the Information Technology Act-2000, the electronic records available in DigiLocker will be treated the same as the original documents. Data will be completely safe Your documents in a digital locker will be protected just like a bank account or net banking. In this, your user ID is linked to the Aadhar card and mobile number. Whenever you work in digital locker, OTP will come on your mobile first. Digilocker can be opened only after password inserting it.
If you have not yet opened a digital locker account, you can open this account very easily.
How to open Digital Locker
- You can click on the link here https://digilocker.gov.in/.
- You can also download Digital Locker mobile app from Google Play Store.
- The link is https://play.google.com/store/apps/details?id=com.digilocker.android
- After visiting the website, enter your mobile number and click on 'Continue'.
- Verify your account by inserting OTP on your mobile.
- After this, create a username and password and click on sign up, enter the Aadhaar number and sign it.
- If you verify the Aadhaar number, then OTP will come on the mobile and enter it and proceed.
- Now the message to open your account will come in DigiLocker.
- Remember your username and password to open it later.
