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September 29, 2022

An Overview On Document Verification Meaning, Types & Process

Document verification means verifying the authenticity of a document. To know more about the types, importance and process of document verification, click here!

Introduction

We are pleased to share an informative document that will provide you with the information on the required documents for the verification process. The meaning of document verification is a process that involves the use of documents to verify the identity of individuals.

This process has uses in a wide variety of situations, including international travel, online banking, and online shopping. This post will help you better understand documentation requirements and save time, money, and effort.

Overview of documents required for verification process

The document verification process is a procedure to check the authenticity of your identity and the documents you submit to get your passport, visa, or driving license.

Documents required for verification include:

  • A copy of your ID card or passport
  • A copy of a utility bill with your name and address is a copy of your driving license.
  • A copy of your birth certificate
  • A copy of your marriage certificate if you are married, and subsequently, a copy of your spouse's ID card or passport
  • A copy of your divorce certificate if you are divorced
  • A copy of a medical document, if you have one
  • An affidavit showing that you are the owner of the property in question

Why is document verification required?

Document verification is a process of evaluating documents submitted by an individual or an organisation for authentication. The purpose of document verification is to authenticate an individual's identity, verify the authenticity of a document, and verify the eligibility/eligibility of an individual or any other entity per statutory provisions. 

Document Verification Procedure is followed when there is a need to check whether any document (such as educational qualification, marriage certificate, driving license, etc.) submitted by an applicant or employee is genuine.

Authorised personnel should carry out the document verification. The procedure of document verification includes several steps. The applicant submits their documents, an application form, and other required documents.  

The data on the submitted documents are entered into a computerised database and compared with information already stored thereon.

  • If the data matches with that on the database, then a verification report is generated. The applicant is called for an interview to verify their identity, etc.
  • The applicant is asked to submit additional documents. If the applicant fails to provide such additional documents within a given time frame, their application is rejected.
  • If the applicant provides all the required documents, they are issued a letter of appointment.

The duties of the authorised personnel during documents verification include:

  1. Issuing the letter of appointment or identity card. 
  2. Conducting background checks on prospective employees and applicants.
  3. Issuing passports or other travel documents. 
  4. Carrying out security checks on candidates.

Different types of document verification

Document verification is a process in which the documents submitted by an applicant are verified by the concerned bank or institution. To successfully get your loan, you must go through this process, as all financial institutions must verify your documents' authenticity before providing any relief.

What is Document Verification?

Document verification means that your submitted documents are looked at by an expert eye and then analysed for discrepancies or inconsistencies. For example, if you have given your employment certificate with reference number 34393/L-1234/1234567890, it says 'All Documents Verified' instead of 'Issued' on its face. 

It will be rejected because they believe that something must be wrong with this certificate since no document should say "all docs verified" on its face instead of just saying "issued."

What are the Types of Documents One can Submit for Verification?

In case you are applying for a loan or credit card, certain mandatory documents must be submitted along with other essential information, such as age proof, address proof, etc., to complete your application successfully without any hassles later.

Automating the document verification process

It is essential that photo identification issued by the government, such as a passport, driver's license, or other official government-issued photo identification, must be submitted. You will also need to submit documents on your social media accounts, such as Facebook and Instagram.

All this information is critical for user identity verification—but what if it was all in one place?

Several companies help develop an automated document verification solution that allows users to submit their personal information through their platform and be instantly validated by their system. You can get verified on a new platform from days or weeks (or even months) to just minutes!

The benefits of this service are numerous, but most importantly, it gives you peace of mind about the security of your personal information. They don't store sensitive data on their servers and take great care to ensure the integrity of all submitted documents.

As a result, they can provide you with the highest level of protection and security. It can be especially important when using a new platform that may not have been around as long as other social media sites.

Privacy is of utmost importance when you're working with companies that are processing it. Numerous security protocols are in place to ensure that the handling of all documents and data is with utmost care. The system uses a series of checks and balances to verify each piece of information submitted; this ensures that it remains as accurate as possible.

Conclusion

Verification is a necessary process that helps banks check the authenticity of documents.

The lender will send you an email with a link to their website. On this link, you can upload your documents and enter details like name, address, and phone number and perform online identity verification.

Once they verify your information, they will let you know if the loan has been approved or rejected.

FAQs

What is the Information Page on Document Required for the Verification Process?
The Information page on the document required for the verification process is a single document that provides information about the company, its operations, and its products. It also contains contact details for all key personnel of the company. This document provides an overview of the company, its products, and services and includes relevant information about its financial performance.
Why do I need to use an information page?
This form aims to provide accurate and complete information about your product to determine whether they can sell it in our stores. If you don't include the required information, we won't be able to sell your product in our stores.
How to complete this process?
You should complete this process as quickly as possible, preferably within a few days after receiving a request from your client. The client will receive immediate notifications if there are any issues with the information or documents. It allows them to address the matter before the authorities initiate further action.
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