Credit Card VKYC

KYC, or "Know Your Customer," is a process where banks authenticate identity of every customer before starting a business relationship.

VKYC, or Video-KYC, is the process where in the customer's KYC verification is conducted for onboarding purposes based on an automated digital process.

Benefits of VKYC

1. Video - KYC is available 24x7
2. The link for VKYC is valid for 72 hours
3. The process takes less than 3 mins
4. Cost efficient & secure completion of KYC process

How does one complete Video - KYC process for Credit Cards?

The VKYC process is a relatively simple and user-friendly.

1. Visit our Axis Bank Credit Card VKYC page
2. Enter your X digit Application ID (C1 ID sent to you by SMS) and OTP
3. An official from our Credit Card Department will initiate a face-to-face interaction
4. Show your PAN Card (hard copy) on the video call for AI-enabled OCR verification and answer the follow-up security question
5. Your photo will also be taken and matched to your Aadhaar and PAN card

Things to keep in mind for the VKYC process

1. Enable Location Access
2. Keep a hard copy of your PAN Card and Aadhaar Card ready
3. Ensure that you are in properly lit surrounding and have a stable internet connection
4. Answer the questions clearly and correctly

Benefits of Credit Cards

Credit Cards have becomeessential payment mode that helps you make purchases and pay for expenses later with the applicable interest.

Here are a few benefits of using a Credit Card

1. Allows safe and secure transactions
2. Are widely accepted domestically and internationally
3. Helps minimize cash usage
4. Provide xx days of interest-free credit period
5. Offers rewards and discounts
6. Helps tracking spends basis regular monthly transactions

Please click here to apply for Axis Bank Credit Cards

Tips to use your Credit Card smartly

While using Credit Cards can increase your credit access, it is important to use them wisely in order to enjoy the benefits cost-efficiently.

Here are a few tips to help you use your credit card smartly.

1. Understand the fee structure, terms and conditions.
2. Pay off the dues in full,and on time.
3. Convert the expense into EMI if you cannot afford to pay the total amount at one go.
4. Keep track of the spending and credit card utilization ratio.
5. Redeem reward points for cashback, best offers on travel, entertainment, dining, , etc.