KYC for Post Office Accounts: If you have a savings account at a post office, you must visit the post office every three years to complete your KYC. You must go there and present documents verifying your identity and residence. However, India Post will provide you with relief from this problem. You will no longer need to visit the post office for KYC. The entire process will be carried out online from the comfort of your own home.
India Post intends to do this in Karnataka. This will assist Karnataka’s 1 crore and 90 lakh postal account customers. According to Karnataka Chief Postmaster General Rajendra S Kumar, there will be no need to go to the post office with the original KYC related documents every three years under Reserve Bank standards. This will be accomplished through online Aadhaar authentication from your home.
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Physical biometric finger print verification will cease
Savings bank account holders in the post office still have to visit the post office every three years to complete their KYC and verification by biometric fingerprint.The Chief PMG of Karnataka has stated that we will implement this technique into our mobile app. Anyone can complete this process from home by downloading this app to their smartphone.
The documents will be uploaded on the website
Account holders must first check in to the e-banking option on India Post’s website, indiapost.gov.in, before having their fingerprints verified via the mobile app. Then all of your KYC-related paperwork must be uploaded there. The most significant advantage of this service is that you can open an account at the post office without bringing the original documents. The postal service will validate your identity using Aadhaar authentication. After that, you can perform any account-related operations.
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