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.
Consider the following statement regarding the Reserve Bank of India's (RBI) actions and reports, on foreign currency liquidity management,
1...
The US Federal Reserve has announced an increase in interest rates to combat rising inflation. This has led to an appreciation of the US dollar against ...
What growth forecast for India did S&P Global Ratings retain for FY25?
Accounting Standards do not permit following method of inventory valuation:
Sharath wants to promote one of his employees to lead the new production team. He prefers to promote an employee with a low LPC score. Which attributes...
Which scheme provides collateral-free loans up to ₹5 crores for MSMEs?
The credit control committee should be headed by which of the following?
Which of the following can NOT be the Member Lending Institutions for the Pradhan Mantri Mudra Yojana (PMMY)?
In cost accounting, there are various methods used to assign costs to different segments of a business. The allotment of whole items of cost to cost cen...
What is the role of financial centers in the global economy?
