What is KYC: In today’s time, almost everyone has bank accounts. People also deposit their deposit in the bank and also take advantage of all the facilities provided by banks. KYC is very important to join these facilities in the bank or any financial sector, as well as it is a very important process.
If you do not know what is KYC or KYC Means, then this article is for you, which is “What is KYC”, will prove very useful. To know why you should have KYC, stay connected with us till the end of this article.
What is KYC?
KYC is a process by which the bank or any financial sector company obtains the identity and address of the customer by filling a form with the necessary documents from its customer. This process ensures that the services of that bank or company are not misused. Due to this, banks also need to update their customers’ KYC from time to time.
Now you must have known what KYC is, KYC means, now we will tell you KYC information in Hindi. When is KYC required? And what are the documents required for KYC.
What is the full form of KYC
If you do not know what is the KYC full form, then let us tell you. KYC Full Form – is “Know Your Customer”. KYC Full Form is in Hindi – “अपने ग्राहक को जानें“.
Information Related to KYC
Do you know why KYC is important? Let us tell you. Any bank or company, under the KYC process, takes its customer’s address and some necessary information about it. This is important so that if a person reveals his or her mistaken identity with the intention of cheating, it is easily known. This is very important for that bank or company as it reduces criminal activities.
Now let us tell you, what are the documents required for KYC?
During the KYC process, the customer has to fill the form and attach some necessary documents along with a photocopy for verification. For KYC you need the following documents –
KYC is essential for bank and company as well as it is equally important for you. This is because if someone else commits forgery in your name in future, then he can be caught. You must provide your support in the KYC process, it is your duty and responsibility. If you like this article What is KYC? If you like it, then definitely share it with your friends too, and if you have any question for us, write it in the comment and tell us.