Axis ASAP Digital Account with Video KYC

Updated: 23-06-2022 07:52:54 AM

Axis Bank offers a new type of savings account i.e. Axis ASAP Digital Account which can be opened with video KYC in four easy steps without visiting the branch. All you need to provide is Aadhaar Card, PAN Card and other demographic details.

Let us know in detail everything about Axis ASAP Digital Account with Video KYC.

Benefits of Axis ASAP Digital Account with Video KYC

Following are the benefits of Axis ASAP Digital Account with Video KYC:

• You are not required to visit the branch as all the services are available online
• You can securely make transactions via debit card, UPI, NEFT, IMPS and RTGS on account activation
• You will also get your virtual debit card instantly on account opening
• The physical debit card as will be dispatched to the communication address after the account is opened
• Signature can be updated through Axis Mobile app 

Steps for Axis ASAP Digital Account with Video KYC

Follow the steps mentioned below for Axis Bank Savings Account with video KYC:

Step 1: Identity Verification

You need to confirm your identity by providing your, Aadhaar or VID, PAN, and mobile number

Step 2: Profile information

You will be asked to share the KYC details (about yourself, family, and address) to initiate the account opening process

Step 3: Video KYC Process

Once the profile details are filled in successfully, you will be directed to the Video KYC page, wherein a video will be initiated by Axis Bank for KYC

• A few questions regarding your identity will be asked during the video. Moreover, your live photo will also be captured
• You will have to show your PAN Card on the camera to provide your PAN details

Step 4: Fund your Account

• Once the KYC process is also done, you will be directed to the funding page
  
• Select the account you would like to open (Easy Access/Prime/Priority/Burgundy)
  
• Edit/confirm the name on the debit card
• Select the funding amount
  
• Pay the funding amount along with debit card issuance charges (Rs. 590 inclusive of GST for Easy Access and Prime variants)
  
• Choose the payment options such as net banking, debit card, and UPI to fund your account
  
• Once the payment is successfully done, you will be taken to a page displaying your account and virtual debit card details
  
• You will get the option to set PIN for your virtual debit card as well

Video KYC Norms by Reserve Bank of India

• Customer identification is completed by an authorised official of the regulated entity through an audio-visual interaction
•  The process should be undertaken live using a secured network
• The video-KYC is allowed to carry out only via a bank’s website or its mobile application
• The bank’s website or mobile application cannot be left open until the video KYC process gets over

Note: For further information, you may visit the official website of the Reserve Bank of India.

Documents Required for Axis ASAP Digital Savings Account with Video KYC

You need to furnish the following doctors for Axis ASAP Digital Savings Account with Video KYC

• Aadhaar Number/ Virtual ID
• PAN Card
• Mobile Number

Things to Keep in Mind About Axis ASAP Digital Savings Account with Video KYC

• Ensure your availability for the call and also enable video/microphone access for your device
• If there are bandwidth issues relating to audio/video you will be redirected to the Video KYC initiation screen where you can retry completing your Video KYC with another agent
• In case of video KYC failure/rejection, you will receive a message confirming the same shall be displayed upon your screen and  you will need to initiate the account opening process again
• You must be physically available in India while applying for the savings account

Frequently Asked Questions

Q. Do I need to carry my physical document during the video KYC process for opening an Axis ASAP Digital Savings Account?

Yes, you need to provide your physical PAN Card during the video KYC process.

Q.What is the minimum account balance required for opening an account in Axis Bank?

Axis Bank does not require you to maintain any minimum balance in this account.

Q. Who all are eligible for Axis ASAP Digital Savings Account?

The eligibility criteria for Axis ASAP Digital Savings Account is as follows:

• You must be an Indian citizen and above 18 years of age
• Valid PAN and Aadhaar number is mandatory
• Registered mobile number with Aadhaar Card
• You must apply from India 

Q. What are the charges for video KYC verification of Axis ASAP Digital Savings Account?

The bank does not charge any fee for video KYC verification of Axis ASAP Digital Savings Account.

Q.Do I need to visit Axis Bank after opening my Axis ASAP Digital Savings Account?

No, you are not required to visit Axis Bank after opening Axis ASAP Digital Savings Account as 250+ services are available online.