Know Your Customer

As per the Prevention of Money Laundering Act (PMLA), 2002, a reporting entity is required to conduct KYC verification of the customers and maintain their records

To avail of the benefits under PM KISAN Yojana, the farmer family must present the required documents before the state government

Under PM KISAN Yojana, the payment is done in the form of three equal installments of Rs 2,000 each. But to avail of the benefits, the farmers need to get themselves registered under the scheme

The latest findings by the federal agency have come to light during its ongoing probe into forex violation by at least 11 crypto exchanges

Crypto will pave the way for Web 3.0, a new internet that is open and shared, says CoinSwitch CEO Ashish Singhal

Separately, the central bank has imposed a penalty of Rs 25 lakh on The Haryana State Co-operative Apex Bank, Chandigarh for contraventions with RBI directions on housing finance

The RBI had in December said that all regulated entities have to upload 'Know Your Customer' data pertaining to the accounts of legal entities opened on or after April 1, 2021

Sebi also specified the activities the stockbrokers will not be allowed to carry out using PoA

According to a report by cyber intelligence firm Cyble, the leaked data seems to have originated from a third party and not from the government system.

V-KYC will also prevent confusion and issues later; you will only need to fill in the online form on your lender's website or app to apply for opening an account or for a loan

Becoming a bank has given us more strength, says Jana SFB MD & CEO Ajay Kanwal

The non-compliance included the opening of savings bank accounts of a co-operative society and non-adherence with directions on KYC

Unique number allotted after the process can be used to open accounts in other financial institutions