KYC

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                      For the opening bank account, some form and processes are compulsory, document verification is the first step for opening account.

                      What is KYC? Which document is customer submit to the bank?
   
    KYC: -
         “know your customer is not formed it is processed by which banks obtain information about the identity of the customer.”

           the In this process helps to ensure that banks services are not illegal to use by the customer. And bank also gets the periodic update of customer proves and identity.

           Any persons or entity connected with a financial transaction which can pose significant reputational or other risks to the bank.it may be for the single transaction or daily transactions.

    The requirement of KYC: -

                   Bank know about customers basic details and know any misuse of account in future. also identification procedures like the signature, photo, finger prints, etc. Risk of money stolen from your account any illegal activities control and monitoring over it.


    Document for KYC: -

1.    Passport

2.    PAN card

3.    Aadhaar card

4.    Driving lenience

5.    Voter ID
 
        All above document are very useful for identity, signature, address proves. Bank recheck it every 2,5 or 10 years period of time.



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