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 is required.
Solution- 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.
Which step number would be the following output?
words length alliance analysis 25 mythologic 41 important 54 76 87 96
How many steps are required to complete the rearrangement of the given input?
What is the sum of the third element from the left in step II and second from the right in the last step?
What is the sum of all the digits of the number which is 4th smallest in step III?
If step VIII of a given input be ‘The award will be formally presented during ceremony”, what is the Fourth step of the input?
If step IV of an input is ‘the knee joint of animal to see remains’, what is the step III of that input?
Which element is between “depths” and “vitae” in step IV?
How many steps are required to rearrange the given input?
If all the numbers in step VI are arranged in ascending order from left end, then which of the following number will become third from right end?
Input for Qs. 6 - 10: 28 33 92 35 73 46 84 11
Which ...