KYC (know your customer) guidelines relating to all economic transactions in the most important processes for a Bank, mutual fund, stock market is, insurance, pension, i.e. all sorts of investments and to obtain the security features you must follow the rules for KYC.
According to the Reserve Bank of India, the purpose of the guidelines by the criminals unknowingly KYC banking system via money laundering are two parts salvage. KYC. identification and address of the client address varies as, the institutions would need to update it from time to time.
Money laundering-related according to section 7 of the Act, all financial institutions must follow the KYC rules, otherwise strict action on them can also be significant enough also in banking regulation. KYC status.
If any proof of address from a name exists in that case also the banking system can take advantage of the address you are living on it, and the consent of the owner of authority letter can help you.
That is the only way for those below the base line garivi card-depending on the frills or no-frills account opening facility. the Bank from time to time have the right to verify your KYC rules so that he could be satisfied that account cannot be used for any illegal work. Bank to close the account without KYC rules right.
Identification documents:
-Passport
-Pan card
-Driving license
-Voter ID
-Base cards
-Identity cards of any institution
(Which can satisfy the Bank)
Documentation for the address:
-Telephone bill
-Electricity bill
-Ration card
-Bank account statement
-An Institute authority letter
According to the Reserve Bank of India, the purpose of the guidelines by the criminals unknowingly KYC banking system via money laundering are two parts salvage. KYC. identification and address of the client address varies as, the institutions would need to update it from time to time.
Money laundering-related according to section 7 of the Act, all financial institutions must follow the KYC rules, otherwise strict action on them can also be significant enough also in banking regulation. KYC status.
If any proof of address from a name exists in that case also the banking system can take advantage of the address you are living on it, and the consent of the owner of authority letter can help you.
That is the only way for those below the base line garivi card-depending on the frills or no-frills account opening facility. the Bank from time to time have the right to verify your KYC rules so that he could be satisfied that account cannot be used for any illegal work. Bank to close the account without KYC rules right.
Identification documents:
-Passport
-Pan card
-Driving license
-Voter ID
-Base cards
-Identity cards of any institution
(Which can satisfy the Bank)
Documentation for the address:
-Telephone bill
-Electricity bill
-Ration card
-Bank account statement
-An Institute authority letter
