DCB Bank has started using eye scanning to verify users using Aadhaar cards, to open new accounts. By using this process, the bank removes the requirement for the submission and verification of KYC documents, instead carrying out eKYC using the user’s Aadhaar number and biometric data.
New customers will have to scan their iris at phablets in the banks along with sharing their Aadhaar number, after which the bank pulls the customer’s details like address, photograph etc., to complete the eKYC on the spot. However, the bank will take another day to map the customer’s details to a particular account. Existing customers can also update their Aadhaar number using the scan.
The bank currently claims to have run a pilot program in 10 rural or semi urban branches over the last 3 weeks, opening 100 fresh accounts and processing another 100. It mentions that it will roll out the feature to all its branches over the next 6 months, with 112 branches rolling out the feature in the next few days.
Note that DCB Bank had launched an ATMs which accept Aadhaar number and fingerprints instead of card and PIN, in June last year. The bank had said then that it would be extending the facility to all of its 400 ATMs across the country in the next six months. However, the bank has fallen short of this goal, and currently claims to have only 70 Aadhaar based ATMs in the country.