Kyc
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RBI updates KYC instructions on wire transfers
Business | May 04, 2023, 09:49 PM ISTThe central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF).
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Baal Aadhaar Card: Documents required and other details to know
Technology | Mar 30, 2023, 09:30 PM ISTFor children below 5 years of age, their unique identification number (UID) on the blue Aadhaar card will be processed based on demographic information and a facial photograph linked with the UID of their parents, as biometrics will not be captured for them.
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Budget 2023: FM announces launch of National Data Governance policy, KYC to get simplified
Budget | Feb 01, 2023, 12:41 PM ISTBudget 2023: FM Sitharaman also said that the process of KYC will be simplified by adopting a risk-based system.
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Reliance Jio writes a letter to its 426 million customers warning them about e-KYC scams
Technology | Dec 28, 2021, 03:48 PM ISTReliance 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.
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Attention! State Bank of India warns its customers of online KYC fraud | Tips to keep account safe
Business | Jul 13, 2021, 02:43 PM ISTThe State Bank of India has warned customers of instances where fraudsters have duped people with KYC verification.
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SBI Alert! State Bank of India warns customers against THIS FRAUD. Details
Business | May 28, 2021, 07:41 PM ISTSBI 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.
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RBI relaxes KYC norms, tells banks not to impose any restriction till December-end
Business | May 05, 2021, 12:44 PM ISTThe 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.
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SBI permits submission of documents for KYC updation via post or mail
Business | May 01, 2021, 10:56 PM ISTIn 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.
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Delhi: Father-daughter duo duped of Rs 4 lakh on pretext of updating KYC of bank account
Crime | Apr 07, 2021, 12:48 PM ISTThe caller posed himself as a Bank executive and asked her father to share their bank account details, including the one-time password (OTP) that she received on her mobile phone. But, as soon as the complaints realized something fishy, the net banking password was changed.
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Delhi: Doctor duped on pretext of updating KYC of bank account
India | Mar 06, 2021, 07:52 AM ISTDuring 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.
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Nagpur banker clicks link to update KYC details, loses Rs 40,000
India | Feb 14, 2021, 10:34 PM ISTA 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.
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PAN-Aadhaar based KYC mandatory for cash purchase of gold, silver jewellery? Govt clarifies
Business | Jan 09, 2021, 11:21 AM ISTAccording 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.
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Online scam: 190 Paytm users duped of Rs 1.13 crore on pretext of KYC update, 2 arrested
Crime | Aug 13, 2020, 04:14 PM ISTThe 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.
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SBI Card launches video based KYC feature. Know how to use
Personal Finance | Jun 15, 2020, 11:39 PM ISTAfter 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.
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EPFO updates KYC details of 52.62 lakh members in April-May: Labour ministry
Business | Jun 03, 2020, 05:00 PM ISTRetirement fund body EPFO has updated KYC details of its 52.62 lakh subscribers during the April-May period, according to a labour ministry statement.
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Good News! Now get instant PAN card online through Aadhaar based e-KYC. Follow these simple steps
Business | May 29, 2020, 01:54 PM ISTFinance 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.
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29 insurance cos, 9 securities-related entities can collect Aadhaar for KYC
Business | Apr 25, 2020, 09:54 PM ISTThe 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.
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Allow complete remote KYC for regulated NBFCs: IAMAI
Technology | Apr 14, 2020, 05:51 PM ISTIAMAI suggests that physical KYC process should be dropped during Coronavirus lockdown in India
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Retirement fund body EPFO to accept Aadhaar as birth proof online from subscribers
Business | Apr 05, 2020, 07:44 PM ISTThe date of birth recorded in 'Aadhaar' will now be accepted as valid proof of date of birth for the purpose of rectification, provided that the difference in the two dates is less than 3 years. The Provident Fund subscribers can submit the correction requests online.
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SBI Customers Alert! These SBI Bank account holders will not be able to withdraw cash from today
Business | Mar 02, 2020, 12:11 PM ISTSBI Bank KYC Alert! The State Bank of India (SBI), India's largest lender, has issued a notice to its account holders in regard to their incomplete KYC. From today, SBI account holders with incomplete KYC will not be able to do transactions.