{"id":7811,"date":"2022-12-21T06:11:58","date_gmt":"2022-12-21T06:11:58","guid":{"rendered":"https:\/\/signdesk.com\/in\/?p=7811"},"modified":"2025-09-17T07:21:14","modified_gmt":"2025-09-17T12:51:14","slug":"video-in-person-verification-vipv","status":"publish","type":"post","link":"https:\/\/melento.ai\/en-in\/blog\/video-in-person-verification-vipv","title":{"rendered":"VIPV KYC: The Complete Guide for Video In Person Verification"},"content":{"rendered":"

Video-KYC: Game-Changer For Investor KYC Verification\u00a0<\/b><\/span><\/h2>\n

Video-based KYC<\/a><\/span> is a remote digital in-person verification process where the user can complete KYC verification in a fast and secure manner without visiting any brick-and-mortar location. Video KYC can be done in many ways<\/span> <\/span><\/a>serving the requirement of financial institutions adhering to the video KYC guidelines. VIPV or Video in person verification is a KYC process introduced by SEBI later in 2020 after RBI announced guidelines for video KYC (VCIP) on January 9, 2020, to provide proper financial services digitally.<\/span><\/p>\n

\"VIPV<\/p>\n

KYC (Know Your Customer) guidelines in financial services were first introduced in 2002 by RBI. KYC and Customer Due Diligence (CDD) policies are an integral part of KYC and IPV verification and establish a secured foundation for an effective anti-money laundering process. For a seamless fraud-proof KYC process, every SEBI Registered Intermediary (RI) needs to collect and authenticate the Proof of Identity (PoI) and Proof of Address (PoA) from the investor.<\/p>\n

With the help of the digital video in-person verification process, the RIs can onboard investors immediately and perform online KYC for mutual funds preventing fraudulent activities, money laundering fraud, identity theft<\/a>,<\/span> and document fabrication.<\/p>\n

What is VIPV?<\/b><\/span><\/h2>\n

VIPV<\/strong><\/a> <\/span>or Video in person verification is the video kyc verification<\/a> procedure introduced by SEBI<\/a> <\/span>to identify and authenticate their investors remotely. VIPV process is for the SEBI registered intermediaries who want to start and continue account-based relationships with individual investors.<\/p>\n

SEBI released a circular \u201cClarification on Know Your Client (KYC) and Use of Technology for KYC<\/i><\/a>\u201d<\/span> notifying the changes to the existing digital KYC procedures on 24th April 2020. The circular mainly focused on technological innovations which can facilitate online KYC. With the new regulations for VIPV<\/a>, the digital KYC procedure for SEBI has become faster and more efficient.<\/p>\n

Typically, RIs perform the VIPV process with the submission of KYC documents to complete investor onboarding through a sufficiently audited application which preserves the activity log of the entire workflow for future reference mentioning the date and timestamps. VIPV consists of a face-to-face interaction with a trained official who makes sure that the customer\u2019s face is easily recognizable through the video feed. The entire process must take place in a live environment and RIs must ensure that once the process is completed, the video & logs are stored in a\u00a0 safe, secure & tamper-proof manner.<\/p>\n