The Reserve Bank of India, amidst the second wave of Corona, addressed the media after a sudden press conference. While giving relief to small traders, RBI has also taken a big decision for the general public. Taking a big decision, the RBI has now approved the video KYC for opening bank accounts.
Reserve Bank of India Governor Shaktikanta Das said that in view of the corona, some changes have been made in the KYC rules in the current situation. Under this, KYC has been approved through video. Das also said that relief has also been given in the Overdraft Facility for the states. On the issue of lockdown in the country, RBI said that lockdown and other COVID-induced restrictions have been imposed in many states to prevent the second wave of COVID-19 epidemic, which is expected to hurt the economy.
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