From now on, one will be able to open a bank account from anywhere without visiting a bank branch.
The e-KYC guidelines said if anybody wants to open a bank account or beneficiary owner (BO) account or insurance policy, he/she does not need to go to the bank or office concerned physically for this.
'Rather, he/she can open the account following five steps in five minutes under the e-KYC,' said the circular issued Bangladesh Financial Intelligence Unit (BFIU) of the central bank.
It said through this system,
The e-KYC will help the government achieve the Vision 2021 and its aim to build a digital
The central bank also said under the e-KYC, any person can open bank account by his or her physical presence in bank or a representative of bank or financial institution can go to a client's residence or client can himself or herself open the account from his own house without going to bank.
Nineteen banks and one mobile financial service provider ran pilot projects in 55 locations under 33 districts in this regard before introduction of the system.
'The e-KYC was formulated in light of their experiences and recommendations,' said the circular.
© Pakistan Press International, source