KNOW YOUR CUSTOMER

Published By Akash Yadav | 27 Feb, 2023

KYC is a mandatory verification procedure carried out by financial institutions with the goal of minimising illegal activities

Reserve Bank of India has prohibited individuals to open any account without fulfilling KYC

Let's look at the documents which can be used for the KYC process

First document is passport

Next is Voter ID card which can be used for the KYC

The third document which can be used is driving license

Aadhar card is the next document to be used for the KYC process

Fifth document which can be used is NREGA card

The last document which can be used is a PAN card

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