E-KYC Verification

The E-KYC verification process is an online procedure adopted to authenticate the identity of the borrower through electronic means. This process normally involves Aadhaar-based validation or any other form of online validation. The use of this technique facilitates the process of applying for loans, since it does not require the physical submission of documents. E-KYC also helps ensure compliance with regulatory requirements in addition to reducing the risk of fraud.