Axis Bank Ltd on 24 October
2013 launched the e-KYC initiative to facilitate paperless banking to Aadhaar
card holders at Mumbai. With this step, Axis Bank became the first bank to
allow customers to open an account with just their Aadhaar number.
The Reserve Bank of India
(RBI) on 2 September 2013 allowed paperless electronic authentication—or
electronic know-your-customer (e-KYC)—provided by the Unique Identification
Authority of India (UIDAI) as officially valid.
Axis Bank has partnered with Visa to launch first ‘eKYC’
facility in the country
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