Reliance Jio wrote a letter to warn its customers about the e-KYC scams. In a letter issued by the company for the users, India’s one of the largest telecom service providers warned about the increasing cyber fraud incidences.
Know Your Customer (KYC) or Know Your Client is a process where customers give verified information to the banks or any other financial institution for identification.
SBI Bank Alert: The State Bank of India (SB), India's largest lender, has cautioned against fraudulent calls requesting KYC Verification. The State Bank has advised its customers to refrain from sharing any sensitive details online or offline.
The RBI has also decided to extend the scope of video KYC (know-your-customer) or V-CIP (video-based customer identification process) for new categories of customers such as proprietorship firms, authorised signatories and beneficial owners of legal entities.
In view of difficulties faced by customers due to local lockdown induced by the second wave of COVID-19, State Bank of India (SBI) has decided to permit acceptance of documents for KYC updation through mail or post.
During interrogation, accused Md. Azad disclosed his involvement in the crime. He further disclosed that he came in contact with other co-accused namely Rahul from Basantpur, Bihar.
A bank manager lost Rs 40,000 as he clicked on a link apparently to update his 'know your customer' details in a payment, news agency PTI reported on Sunday.
National Pension System (NPS) and Atal Pension Yojana (APY) are the two flagship schemes of the PFRDA. While the NPS caters to the organised sector employees, the APY is designed to meet the pension needs of those working in the unorganised sector.
According to sources, one of the recommendations requires the DPMS sector to fulfil obligations of Customer Due Diligence (CDD) when they conduct cash transactions above a certain limit (USD/EUR 15,000). India is a member of FATF since 2010.
The RBI on Monday said it has imposed a total penalty of Rs 7 lakh on two co-operative banks, including Rs 5 lakh on Vyavasayik Sahakari Bank Maryadit, for violation of KYC and other norms.
Lately, hackers have been using this neat trick to get into people’s Paytm accounts. Here's how you can avoid being a part of such a scam.
The Ahmedabad Cyber Crime Branch in Gujarat on Wednesday arrested two persons allegedly involved in duping residents of different states on the pretext of updating Know Your Customer (KYC) of payment application Paytm, police said.
Retirement fund body EPFO updated KYC details of 73.58 lakh subscribers in April-June, which enabled them to access a host of its online services, the Labour Ministry said on Monday.
After several other banks introduced a video-based customer identification process last one month, SBI Card on Monday announced the launch of Video Know Your Customer (VKYC) feature to ensure zero contact, hassle-free customer onboarding process.
Retirement fund body EPFO has updated KYC details of its 52.62 lakh subscribers during the April-May period, according to a labour ministry statement.
Finance Minister Nirmala Sitharaman on Thursday formally launched the facility for instant allotment of PAN through Aadhaar based e-KYC (on near to real-time basis). The Income Tax department took to Twitter and said the process of applying for the instant PAN is very simple. Here're simple steps to download instant PAN card.
IDFC First Bank has launched video KYC facility so that customers can open savings accounts without the need to visit a branch office.
The finance ministry has allowed 29 insurance companies and 9 securities entities to collect Aadhaar for the purpose of know your customer (KYC), a move aimed at checking money laundering and routing investments into shell companies.
Markets regulator Sebi on Thursday relaxed compliance norms for depository participants, stock brokers and share transfer agents with regard to processing of demat request and KYC application amid the coronavirus pandemic.
IAMAI suggests that physical KYC process should be dropped during Coronavirus lockdown in India
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