Reserve Bank of India on Thursday said fresh KYC process can be done by visiting bank branch or remotely through Video Based Customer Identification Process. As per the present guidelines, if there is ...

Banks and financial institutions must conduct ‘Know Your Customer’ or KYC checks for verifying the identity of customers, partners, and vendors prior to establishing a business relationship with them.

Bank of Baroda (Bank), on Tuesday, said that it has launched Video Re-KYC for eligible Individual Resident Customers in English and Hindi. The bank said that this is an alternative and more convenient ...

Instead, if there is no change in KYC information, they can submit a self-declaration through email-id, registered mobile number, ATMs, or any other digital channels. Following up on Reserve Bank ...

Bank account holders are no longer required to visit their bank branches to update 'know your customer' (KYC) details provided they have already submitted valid documents and not changed their address ...

Historically, the space of individual Know Your Customer (KYC) compliance has always been one step ahead in terms of industry awareness and digitisation trends compared to the connected area of ...

The Reserve Bank of India (RBI), while taking measures to rationalise KYC-related instructions within the framework prescribed under the Prevention of Money Laundering Act, 2002 (PMLA) and rules ...

MUMBAI: Banks can use Aadhaar for KYC verification with the customer's consent, the Reserve Bank said Wednesday as it updated its list of documents eligible for identification of individuals. The RBI ...