Key Verification Methods
Purpose: To verify the user's mobile number through an OTP (One Time Password) sent via SMS.
- Process: Users receive an OTP on their mobile, which they must enter into the verification system.
- Benefit: Adds an extra layer of security to ensure valid and accessible communication channels.
Aadhaar OCR (Card Image)
Purpose: To capture user details from an Aadhaar card, including the Aadhaar number, DOB, address, and photo
- Process: The system scans the Aadhaar card image to automatically extract and verify information.
- Benefit: Reduces manual data entry and ensures accuracy and authenticity.
PAN OCR (Card Image)
Purpose: To capture user details from a PAN card, including the PAN number and DOB.
- Process: The system scans the PAN card image to quickly and accurately extract information.
- Benefit: Minimizes errors and speeds up the KYC process by automating data extraction.
PAN Aadhaar Linking
Purpose: To verify whether the provided PAN and Aadhaar numbers are linked
- Process: Ensures the customer's identity is authenticated against multiple government-issued document.
- Benefit: Enhances reliability and is crucial for regulatory complianc.
GSTIN Verification
Purpose: To verify the GST number of a business entity in B2B transactions.
- Process: Confirms the validity of the GSTIN to ensure clients are registered taxpayer.
- Benefit: Maintains accurate tax records and reduces the risk of fraudulent businesses.
Bank Account Verification
Purpose: To verify the user's actual name and bank account details
- Process: Often includes penny drop verification to confirm the IFSC code and account number.
- Benefit: Ensures the bank account belongs to the user and is active, reducing fraud risk.
Video KYC
Purpose: To conduct a live video interaction for customer identity verification.
- Process: Customers display identification documents during a video call, verified by a trained executive.
- Benefit: Combines digital convenience with human oversight, ideal for remote onboarding.
eSign
Purpose: To sign agreements electronically using an OTP sent to the user's mobile number linked to Aadhaar.
- Process: The digital signature is legally recognized and verifies the signer's identit.
- Benefit: Simplifies the document signing process, ensuring compliance with legal standards.
