Please answer the following questions about availing gold loans and KYC verification: 1) What is the first step in availing a gold loan at the branch? 2) If the customer is a minor, what is mandatory

Here are the answers to the questions:

1) 3. What is the first step in availing a gold loan at the branch?
The first step in availing a gold loan is to have the gold appraised to determine its value and to complete the Know Your Customer (KYC) verification process.

• Gold appraisal and KYC verification

2) 4. If the customer is a minor, what is mandatory before proceeding with Aadhaar-based eKYC?
For any legal or financial transaction involving a minor, the consent of their parent or legal guardian is mandatory.

• Parent or legal Guardian's consent

3) 5. How much time does Aadhaar-based eKYC usually take?
Aadhaar-based eKYC is designed to be a quick and efficient digital process.

• 2-3 minutes

4) 6. What details are accessed from UIDAI during Aadhaar-based eKYC?
Aadhaar-based eKYC provides access to various demographic details registered with UIDAI, including full name, date of birth, gender, and address information (which covers district, state, and pincode).

• All of the above