How to link a bank account while opening a Bigul account?
- If the bank account details are manually entered, the validation is done using a penny drop score. A penny drop is where a nominal amount is credited to the bank account, generating a score.
- If the penny drop fails or if the score is unsatisfactory, a bank proof must be uploaded in the next step. The bank proof can be one of the following: A personalised cancelled cheque with the name printed on it, a bank statement, and a bank passbook copy with the bank account number, bank logo, seal, MICR, and IFSC code clearly visible.
Opening Account Online
- What is In-Person Verification (IPV), and why is it required?
- How do I open an account online?
- How long does it take to open an account, and where can the account opening status be tracked?
- Why are PAN and Aadhaar collected via Digilocker to complete KYC with Bigul?
- Can a Paytm bank account be used to open a Bigul account?
- How to link a bank account while opening a Bigul account?
- Why was the account opening application put on hold?