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Sunday, January 31, 2016

Now take a selfie, open a bank account

In a few weeks, you can probably create a bank account with a self ie. All you'd have to do is upload a selfie, a photo of your PAN card taken with your mobile phone, and a scan of the QR code of your Aadhaar card using an app. They'll serve as Know Your Customer (KYC) credentials, and you can open a bank account and conduct transactions up to Rs 10,000 a month.

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