Opening of agent bank account using NID
Agent banking operators in Bangladesh use national ID (NID)-based e-KYC for agent bank account opening. Agent banking extends formal financial services to rural and semi-urban areas through authorized agents, and NID-based e-KYC is central to enabling this model. The account opening process involves NID demographic verification through an API provided by the Bangladesh Election Commission, supplemented by OTP managed by the provider.
Key terms
Financial InclusionAgent Bankinge-KYCDigital BankingAccount Opening