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.

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.

PAN Card cancellation online is a short and hassle-free process. Various consequences may occur if any individual has possession of multiple PAN Cards. It is mandatory for every individual living in India to have only one PAN Card.

eKYC, often called paperless KYC, is the process of electronically verifying the customer’s credentials. This is mandatory for everyone to avail of the services from any financial institution. It is also called Aadhaar-based eKYC as your identity is verified electronically wherein the service provider can access the details of your Aadhaar from the Unique Identification Authority of India (UIDAI) database.

Learn what a CKYC number is, and why it matters for investors. Understand how CKYC works, the benefits of Central Know Your Customer (CKYC) registration, types of CKYC accounts.

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.

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.

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.

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.