Friends, today we will know through this article what is KYC and what is the full form of KYC. You people must have heard the name of KYC, in this time you will go to do any work like taking a loan, opening an account in a bank, opening a wallet, taking a locker, making a credit card, buying a mutual fund, buying a post office and taking Bima etc. KYC The requirement to fill the form reads.
If you now take a new SIM card, then you have to get your KYC done in that too and if you make any wallet, then like Paytm Wallet has become or Phonepey has become or Googlepay has become, in all these also you have to get KYC done. And until you give your document, your Wallet will not be active.
What is the full form of KYC (KYC Full Form in Hindi)
Friends, let us know what is the full form of KYC.
K—Know
Y—Your
C—Customer
So friends, the full form of KYC is Know Your Customer and it means knowing your customer. And that’s why any financial institution or bank asks you to fill the KYC form so that it can get complete information about you and along with it can save all your data. So that in future, if any such problem arises, then your data can be shown to you.
What is KYC and why is the KYC form filled?
Friends, any financial institution or bank asks for some such documents from you to collect all the information about you so that it can be established that where is your address and what is your name and address and that is what we call KYC. Use of KYC Financial institutions verify the identity of their customers.
So KYC is the identification of this type of bank customer started by RBI. Which all the institutions like Company or Bank etc. want to verify their identity before providing their services to the customers and for this process the institutions use KYC, and through KYC all the customer’s identity (Id Verification) and its address (Address Verification) ) gets it done.
KYC Form is also filled by any bank or any financial institutions so that you can not do any fraud or any wrongdoing or theft with the bank and if you do any wrongdoing then you will be very easily Can be caught from
How many types of KYC are there?
Friends, let us tell you that there are two types of KYC, but if you believe that the work of both KYC is the same, like collecting information about you and taking a lot of information about you digitally and also taking some physical information. Let us know what are the two types of KYC.
KYC
CKYC
What is eKYC and what is its full form?
Friends, the full form of E KYC is “Electronic Know Your Customer”. And this is the best way to know about KYC from all the customers digitally and mostly Aadhar Card is also the Best E KYC. And in this E KYC, there is no need for papers, and in this you have to put your thumb on the Biometric Device so that your complete data match appears immediately. And Aadhaar E KYC is a paperless KYC process, which Your Id Proof authenticates Address Proof and other types of proof through electronic means.
What is CKYC and what is its full form?
Friends, the full form of CKYC is “Central Know Your Customer” and C KYC is done by all the banks and financial institutions of India, but the KYC which is done at the central level, we also call it Central KYC or C KYC. Central KYC Use is also done by Mutual Funds Company, Bima Company and NBFC etc.
Documents required for KYC
By giving any one of these documents, you can get your KYC done in Bank or any other financial institution.
From PAN Card
From Passport
From Aadhaar Card
From Voter Identity Card
From Drivery License
From Nrega Job Card
So friends, let us tell you that to get KYC done in any bank, you will get a form from the bank and after filling that form, you have to attach a photocopy of your PAN card or Aadhar card or address proof and submit it to the bank. And then after submission your KYC will be done. And many times it happens that due to lack of KYC, your bank account is held or stopped and you can get your KYC done by giving any of these documents, and your account will not be held or stopped.
What was learned (In Conclusion)
Friends, I hope that you have got to learn something from our article (What is KYC and what is the full form of KYC) and if you have liked this article of ours, then definitely share it with your friends. If you have any opinion or suggestion related to this article, then you can ask in the comment section. Thank you!
Click on ads for direct download link –
DOWNLOD FILE OBB
