Indian banks are increasingly promoting Video KYC (V-KYC) for opening digital savings accounts, a move driven by a significant rise in financial fraud and the misuse of mule accounts. While the central bank permits basic Aadhaar and PAN verification for digital accounts with a Rs 1 lakh deposit limit, many banks, including HDFC, SBI, and ICICI, are discouraging electronic KYC (e-KYC) and encouraging branch visits for in-person checks to enhance security and combat fraud.