Asked by
Birds of the sky (2 Golds)
Saturday, 26 Oct 2019, 09:40 PM
at (Consultancy
Business)
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Answer(s):
Currently it takes about 5 minutes to complete the bank account form. And the calculation takes a few days to start. Bangladesh Bank is set to launch e-KYC in January. With the launch of e-KYC, it will be easier to open a bank account. In Bangladesh, initiatives have been taken to provide allowances for various programs under social security. In the current financial year, the allocation in this sector is Tk. Earlier, about 1 lakh people were the beneficiaries of the program. This time it will increase to 1 lakh. That's how E-KYC will operate The entire e-KYC process will be completed in four steps. The first person to open the account will be confirmed by the national ID number, date of birth biometric (fingerprint, face picture or Irish). This process will be accomplished through specialized software at a bank branch or on the tab next to the agents. The identity of the customer will be verified immediately from the Election Commission's database. If the identity is confirmed, the customer's name, parents' name, gender, occupation, mobile phone number, address, nominee (nominee) identity should be mentioned. Information contained in the national identity card will be automatically returned to the KYC form. Customer's photo will be taken later. The bank will then send a message to the customer on the mobile phone about opening the account. Getting a customer message means that the account is open. Without paperwork, the entire job will be online. The services available Although the account is opened with e-KYC, large transactions cannot be done in the first phase. For large-scale transactions, the KYC form has to be filled in the conventional rules. With e-KYC, financial services like development, rocket service can be taken. The maximum number of transactions will be Tk 1 lakh a year as agent banking. Loans can be taken up to a maximum of Tk. Up to five lakh taka can be deposited. Up to Tk 5 lakh can also be invested in securities and other government bonds. Bank Asia Managing Director (MD) Arfan Ali told First Light that e-KYC has no alternative to financial inclusion. Because, it is not possible for the backward population to fill such a large KYC form. The e-KYC should be gradually increased. Answered by Birds of the sky (2 Golds) Saturday, 26 Oct 2019, 09:41 PM |
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