You will soon be able to open a bank account instantly, if you are willing to use the Aadhaar-based eKYC (electronic know your customer) process. eKYC is the electronic version of the KYC,What is eKYC? how to do Aadhar eKYC. Agency can validate the data through their own OTP/Face Authentication. Aadhaar ekyc is a paperless Know Your Customer (KYC) process, wherein the Identity and Address of the subscriber are verified electronically through Aadhaar Offline XML to issue Digital Signature Certificate. SEARCHED FOR:OTP BASED E KYC Once market intermediaries register as KUA, they can open accounts using Aadhaar-based e-KYC (electronic Know Your Customer). Launch of Mobile App and URL (web link) for e-KYC + OTP based Aadhaar.