Search For "know your customer"
Govt clarifies KYC needed only for cash purchase of jewellery above Rs 2 l
Updated : 5 years, 4 months ago IST
New Delhi [India], January 9 (ANI): The Department of Revenue (DoR), Ministry of Finance has clarified that any purchase of gold, silver, jewellery, or precious gems and stones below Rs 2 lakh does not require PAN or Aadhaar of a customer as mandatory Know Your Customer (KYC) document. Read More
RBI imposes Rs 1 crore penalty on HDFC Bank
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Jan 30 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs one crore on HDFC Bank for non-compliance of Know Your Customer (KYC) norms.
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No requirement for Indian citizens to declare religion for opening bank ac
Updated : 6 years, 5 months ago IST
New Delhi [India], Dec 21 (ANI): The Central government on Saturday dispelled rumours claiming that Indian citizens will need to disclose their religion in their bank's 'Know Your Customer' (KYC) forms.
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RBI penalises HDFC Bank for violating KYC norms
Updated : 6 years, 11 months ago IST
Mumbai (Maharashtra) [India], Jun 19 (ANI): The Reserve Bank of India (RBI) has imposed a fine of Rs one crore on private sector lender HDFC Bank for violation norms relating to know-your-customer (KYC), anti-money laundering and reporting of frauds.
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KYC of lockers in Rs 25 crore hawala racket was not done: CBDT chairman
Updated : 7 years, 5 months ago IST
New Delhi [India], Dec 4 (ANI): The Income Tax (IT) Department has found that Know-Your-Customer (KYC) of lockers in the Rs 25-crore hawala racket in Chandni Chowk was not done.
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Paytm Payments Bank registers 100M KYC wallets
Updated : 8 years, 1 month ago IST
New Delhi [India], April 23 (ANI): Paytm Payments Bank announced on Monday that it now has over 100 million KYC wallets, against the constant campaigning done by bank about the benefits of the Know Your Customer (KYC) system.
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Till SC order, RBI makes Aadhaar mandatory for KYC
Updated : 8 years, 1 month ago IST
New Delhi [India], Apr. 21 (ANI): Reserve Bank of India (RBI) has made Aadhaar mandatory for bank accounts till the Supreme Court passes its order on the 12-digit unique identification number.
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Government clarifies in-built security features of Electoral Bonds
Updated : 8 years, 1 month ago IST
New Delhi [India], Apr. 17 (ANI): The Central Government on Tuesday notified that the electoral bonds carry a serial number as part of in-built security feature to prevent counterfeiting, but the number is not accessible to anybody, including the government.
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Complete your e-KYC on MobiKwik and get Rs. 300 SUPERCASH
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar 22 (Businesswire-India): MobiKwik, India's largest digital financial services platform, has announced the roll out of a first-of-its-kind offer to encourage its millions of users to complete the e-KYC (Know Your Customer) verification on the MobiKwik app in 60 secon
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RBI imposes Rs 5 cr penalty on Airtel Payments Bank
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar. 10 (ANI): The Reserve Bank of India (RBI) imposed a penalty of Rs. 5 crore on Airtel Payments Bank, the financial services arm of Bharti Airtel Limited, for violating operating guidelines and Know Your Customer (KYC) norms.
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RBI charges fine on IOB over non-compliance with KYC norms
Updated : 8 years, 2 months ago IST
Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty of Rs.20 million on Indian Overseas Bank for non-compliance with the directions issued by the former regarding Know Your Customer (KYC) norms.
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UIDAI strengthens security for Aadhaar holders
Updated : 8 years, 4 months ago IST
New Delhi [India], Jan 10 (ANI): The Unique Identification Authority of India (UIDAI) on Wednesday introduced 'Virtual ID' (VID) and limited 'Know Your Customer' (KYC) service for Aadhaar holders in a bid to address privacy concerns.
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