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    Question

    What is specifically required for conducting V-CIP

    (Video-Based Customer Identification Process) under RBI’s KYC framework?
    A Biometric and OTP-based Aadhaar verification only Correct Answer Incorrect Answer
    B Integration with secured network domains and geo-tagging Correct Answer Incorrect Answer
    C Verification of documents issued only via DigiLocker Correct Answer Incorrect Answer
    D Submission of hard copies of Officially Valid Documents (OVDs) Correct Answer Incorrect Answer
    E PAN verification with offline Aadhaar verification Correct Answer Incorrect Answer

    Solution

    • V-CIP is a digital customer onboarding process permitted by RBI as part of KYC compliance. • It requires: o Secured network domains (to prevent spoofing and ensure authenticity). o Geo-tagging of customer location. o End-to-end encryption for secure data transmission. o Real-time audio-visual interaction between customer and bank official. • These safeguards ensure the validity and integrity of the onboarding process. • Hard copies of documents are not required, as OVDs can be validated electronically. Thus, the key requirement is secured network integration and geo-tagging.

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