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Home > Forum > Chennai > Other > What is Know Your Customer?

What is Know Your Customer?

Q: I am hearing a lot about KYC. What is it all about?

know your customer
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Know Your Customer [KYC] is required when bank feels it necessary to obtain additional information from existing customers or opening a new account. Banks have been taking KYC documents in accordance with the guidelines issued by RBI
Srinivas


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