List of KYC Articles

Since 2004, the Reserve Bank of India made it compulsory for all Indian financial institutions to verify both the identity and address of all customers carrying out financial transactions with them. Thus, the KYC process was introduced by the RBI as the only mode of verification.

KYC or ‘Know your customer’ is a verification process, mandated by the Reserve Bank of India, for institutions to confirm and thereby verify the authenticity of customers. To verify their identity and address, they need to submit their KYC documentation before investing in a variety of financial instruments.

A step-by-step guide on how to link Aadhaar with a mobile number online. By following these steps, you can effortlessly access critical government updates and services, all while ensuring the utmost security and authenticity of your mobile connection. Let's delve into the process and explore the significance of this essential procedure.

KYC or ‘know your customer’ is a mandatory verification procedure carried out by any banks, financial institutions, and other Indian organisations with the goal of minimising illegal activities like money laundering.

E-KYC or online KYC is an effective way to submit your identity and address proofs online. It is a standardized way to check the authenticity of customers on a portal by the Indian government.

The Reserve Bank of India made the Know Your Customer (KYC) process mandatory in 2002 for the customers before they begin their investing journey. All the banks had to be KYC-compliant by December 31, 2005. According to the Prevention of Money Laundering Act, 2002, and the Securities Exchange Board of India-KYC Registration Agency (SEBI-KRA) Rules, 2011, it is compulsory for all market participants to follow the KYC guidelines.

To learn the process of applying for a PAN card online and start your application, start by visiting the official NSDL website. This official portal provides a user-friendly interface for PAN card applicants

The Online PAN verification process ensures no fraud cases in the stock market. It also allows transparency in the transactions. In the PAN verification process, the PAN details provided by a person are matched with the database of the Income Tax Department. This way, the authorities track the ownership of securities and prevent illegal trading activities in the Indian stock market.

UIDAI(Unique Identification Authority of India). It serves as proof of identity and address for Indian citizens. With an Aadhaar card, you can conveniently avail various government schemes, subsidies, and services.