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No such limitI was told that you can open only 1 while opening my Kotak 811 account a while back. Is that limit still enforced?
Nothing will happen 😁What happens if you open multiple Aadhaar OTP based online bank accounts? I was told that you can open only 1 while opening my Kotak 811 account a while back. Is that limit still enforced?
I just opened FI and DBS accounts. That's why I was wondering 😄Nothing will happen 😁
Already opened Axis, Kotak, DBS, Fino, Federal, Equitas, Fi, RBL, India Post and more 🤣 Still nothing happened to me and my accounts 😃
I have opened ICICI, AXIS, HDFC, FED and IDFC. No problems so far.I just opened FI and DBS accounts. That's why I was wondering 😄
the limit is per bank as far as I knowWhat happens if you open multiple Aadhaar OTP based online bank accounts? I was told that you can open only 1 while opening my Kotak 811 account a while back. Is that limit still enforced?
That makes sense. Thanks.the limit is per bank as far as I know
you can open one with every possible bank you want to
Just curious, what are the benefits of DBS, Fino, Federal, Equitas, RBL accounts? Any specific reasons /advantages?Nothing will happen 😁
Already opened Axis, Kotak, DBS, Fino, Federal, Equitas, Fi, RBL, India Post and more 🤣 Still nothing happened to me and my accounts 😃
To check what facilities they provide and to get fee debit cards. Federal Bank is good as they provide instant discounts on saleJust curious, what are the benefits of DBS, Fino, Federal, Equitas, RBL accounts? Any specific reasons /advantages?
But RBI says all RE.the limit is per bank as far as I know
you can open one with every possible bank you want to
Limit is for OTP based acct. But once you have done full KYC (physical or VKYC) its no longer OTP based acct.But RBI says all RE.
Please don't mind buy may I know the source of it?Limit is for OTP based acct. But once you have done full KYC (physical or VKYC) its no longer OTP based acct.
Clause VPlease don't mind buy may I know the source of it?
As I will be opening AU Bank and IDFC account.
What you talking about is for limited kyc or mini kyc verify using adhar OTP. After video kyc no such limitations are there.What happens if you open multiple Aadhaar OTP based online bank accounts? I was told that you can open only 1 while opening my Kotak 811 account a while back. Is that limit still enforced?
Sorry but which Clause V's which point?
I have opened all my accounts online. So it's not an issue to open multiple accs online via aadhar otp & vkycPlease don't mind buy may I know the source of it?
As I will be opening AU Bank and IDFC account.
V.v "Accounts, both deposit and borrowal, opened using OTP based e-KYC shall not be allowed for more than one year within which Customer Due Diligence (CDD) procedure as provided in section 16 or as per the first proviso of Section 17 of the Principal Direction is to be completed. If the CDD procedure is not completed within a year, in respect of deposit accounts, the same shall be closed immediately. In respect of borrowal accounts no further debits shall be allowed."Sorry but which Clause V's which point?
If you see point vi suggests the same thing which I am talking about that you can't open more than 1 OTP based account.
"A declaration shall be obtained from the customer to the effect that no
other account has been opened nor will be opened using OTP based KYC
either with the same RE or with any other RE. Further, while uploading KYC.............. "
Can you please point me to the clause where it is clearly mentioned "But once you have done full KYC (physical or VKYC) its no longer OTP based acc" OR is it that at a time I shouldn't have 2 OTP based account?
But even if one account is opened using OTP and later on converted to full KYC, 2nd time if I want to open a new digital account again for some time till now I didn't do full KYC, ideally it's a OTP based.