🇮🇳India

KYC सत्यापन में देरी

1 verified sources

Definition

Account opening process involves mandatory PAN, Aadhaar verification via OTP, video KYC or branch visits, causing offline activation delays of 2-3 days and queues at branches.

Key Findings

  • Financial Impact: ₹2-5 lakh per branch/year in lost account openings (est. 20-50 delayed customers/month at ₹10,000 avg deposit opportunity)
  • Frequency: Per account opening (daily for branches)
  • Root Cause: Manual branch verification post online form submission

Why This Matters

The Pitch: Savings Institutions in India 🇮🇳 lose ₹5-10 lakh annually per branch on lost sales from account opening queues. Automation of full digital KYC eliminates this capacity loss.

Affected Stakeholders

Branch Managers, KYC Officers, Customer Service

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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