General Studies · V-CIP Regulations
Under the updated RBI Master Directions on KYC, what is the mandatory operational protocol for conducting the Video-based Customer Identification Process (V-CIP) for a Non-Resident Indian (NRI) applicant?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The session can be outsourced to an international KYC agency located in the applicant's resident country to comply with local privacy cross-border regulations.
- 2The bank must execute the session via biometric authentication hardware shipped to the customer's foreign address.
- 3The applicant can be located anywhere globally, but the bank official must operate from a specialized V-CIP cell within India, capture live geo-coordinates of the customer, and use face-matching tools with the OVD photograph.✓
- 4The applicant must be physically present inside the geographical boundaries of India while the V-CIP is being executed.
Correct answer
The applicant can be located anywhere globally, but the bank official must operate from a specialized V-CIP cell within India, capture live geo-coordinates of the customer, and use face-matching tools with the OVD photograph.
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