Why are PAN and Aadhaar collected via Digilocker to complete KYC with Bigul?
PAN and Aadhar are requested through Digilocker while completing the KYC for the following reasons:
· The PAN and Aadhaar are collected to ensure that the name provided matches with the name registered with the Income Tax Department (ITD).
· The client’s image on the PAN and Aadhaar are used to match against the image captured during the IPV process.
· Aadhaar is used to update the address in the KYC records.
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?