Seamless & Secure Customer Verification with E-KYC

At The Mahendragarh Central Cooperative Bank Ltd., we offer E-KYC (Electronic Know Your Customer) services powered by Aadhaar-based authentication. This digital verification method allows customers to open accounts and avail banking services quickly, securely, and paper-free.

What is E-KYC?

E-KYC (Electronic Know Your Customer) is an Aadhaar-based verification process that enables individuals to authenticate their identity digitally. It eliminates the need for physical documents and makes the verification process seamless and efficient.

The Unique Identification Authority of India (UIDAI) facilitates this authentication process through biometric or OTP-based Aadhaar verification.

Benefits of E-KYC for Customers

• Paperless & Instant Verification: No need for physical documents; Aadhaar-based verification is quick and easy.
• Secure & Fraud-Proof: Reduces the risk of identity fraud with biometric and OTP-based authentication.
• Hassle-Free Account Opening: Open a savings or loan account effortlessly using Aadhaar-based verification.
• Government Subsidy Enrollment: Easily link your Aadhaar to receive Direct Benefit Transfers (DBT) and other subsidies.
• Regulatory Compliance: Fully compliant with RBI and UIDAI guidelines, ensuring data privacy and security.

Types of E-KYC Verification

1. OTP-Based E-KYC:

• Customers receive a one-time password (OTP) on their registered Aadhaar mobile number.
• Enter the OTP to authenticate your identity for banking services.
• Ideal for basic account opening and subsidy linking.

2. Biometric-Based E-KYC:

• Customer’s fingerprint or iris scan is verified against UIDAI records.
• Highly secure and ideal for transactions requiring enhanced security.

How to Complete E-KYC at Our Bank?

1. Visit Your Home Branch:

   • Carry your Aadhaar card and registered mobile number.
   • Request an E-KYC verification at the counter.

2. Choose Your Verification Method:

   • OTP-Based Authentication (For customers with Aadhaar-linked mobile numbers).
   • Biometric Verification (For enhanced security and higher transaction limits).

3. Complete the Process:

   • Your Aadhaar details are retrieved from UIDAI’s secure database.
   • Upon successful authentication, your account or service request is processed instantly.

Services Available via E-KYC

• Account Opening (Savings, Fixed Deposits, Loans)
• Aadhaar Seeding for Direct Benefit Transfers (DBT)
• Mobile & Internet Banking Registration
• KYC Update for Existing Accounts
• Faster Loan Processing & Verification

Why Choose Us for E-KYC?

• Quick & Hassle-Free Process: Digital verification ensures minimal paperwork.
• Enhanced Security: Aadhaar-based authentication prevents identity fraud.
• Customer-Friendly Banking: Simplifies banking services for all customers.
• Regulatory Compliance: Fully adheres to RBI & UIDAI guidelines for data security.

For more information or assistance, visit your nearest The Mahendragarh Central Cooperative Bank Ltd. branch..

Experience Fast & Secure Banking with E-KYC!