What is the main objective of KYC guidelines followed by Banks?
I- It helps prevent banks from using criminal networks.
II- KYC helps the banks to communicate with clients and financial transactions.
III- For KYC only identification evidence(Aadhar,Pan Card, Driving License etc.) is required.
The full form of KYC is Know Your Customer. KYC is the method of a company that verifies the customer’s identity and assesses possible risks to the business relationship from criminal intentions. The name is also used to relate to the regulations on banks and anti-money laundering regulations that govern such activities. Reserve Bank of India (RBI) adopted the KYC process to avoid financial fraud, such as identity theft, money laundering and illegal transactions. Here is a required document serving as identification evidence and address proof Passport Voter ID card Driving Licence PAN card Aadhaar Card If the document you provide for identity proof does not contain details of the address, you can send another legally valid document containing details of the address such as electricity bill, telephone bill, gas bill, etc.
Who sits second to the right of the one who like Pepsi?
Seven persons R, S, T, U, V, W and X, live in a seven-storey building, but not necessarily in the same order. S lives two floors above X. X lives on an ...
How many exams are scheduled before Saturday?
Seven persons S, T, U, V, W, X and Y live on different floor of a seven-storey building. The bottommost floor is numbered as 1 and the topmost floor is...
How many boxes are kept between V and the box which is kept immediately below box U?
Which of the following combination of the persons are living on the adjacent floor?
A is related to Mango and G is related to Papaya in the same way which of the following fruit is related to C?
Who among the following celebrated his birthday immediately before H?
Who lives in Flat – X of floor – 2?
If G and the person who have Red interchange their visiting days then how many persons visits after the person who have BLACK colour?