Economy, asked by harshdeepkalkat0786, 9 months ago

Guidelines of Know Your Customer (KYC)

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Answered by daredevil9
2

Answer:

KYC means “Know Your Customer”. It is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure that banks' services are not misused. The KYC procedure is to be completed by the banks while opening accounts and also periodically update the same.

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