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  Baal Aadhaar Card: Documents required and other details to know

  Technology | March 30, 2023 21:30 IST

  For 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 | February 01, 2023 12:41 IST

  Budget 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 | December 28, 2021 15:48 IST

  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.

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  Attention! State Bank of India warns its customers of online KYC fraud | Tips to keep account safe

  Business | July 13, 2021 14:43 IST

  The 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 19:41 IST

  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.

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  RBI relaxes KYC norms, tells banks not to impose any restriction till December-end

  Business | May 05, 2021 12:44 IST

  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.

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  SBI permits submission of documents for KYC updation via post or mail

  Business | May 01, 2021 22:56 IST

  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. 

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  Delhi: Father-daughter duo duped of Rs 4 lakh on pretext of updating KYC of bank account

  Crime | April 07, 2021 12:48 IST

  The 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 | March 06, 2021 7:52 IST

  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.

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  Nagpur banker clicks link to update KYC details, loses Rs 40,000

  India | February 14, 2021 22:34 IST

  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.  

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  PAN-Aadhaar based KYC mandatory for cash purchase of gold, silver jewellery? Govt clarifies

  Business | January 09, 2021 11:21 IST

  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.

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  Online scam: 190 Paytm users duped of Rs 1.13 crore on pretext of KYC update, 2 arrested

  Crime | August 13, 2020 16:14 IST

  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.

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  SBI Card launches video based KYC feature. Know how to use

  Personal Finance | June 15, 2020 23:39 IST

  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.

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  EPFO updates KYC details of 52.62 lakh members in April-May: Labour ministry

  Business | June 03, 2020 17:00 IST

  ​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.

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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 13:54 IST

  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.

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  29 insurance cos, 9 securities-related entities can collect Aadhaar for KYC

  Business | April 25, 2020 21:54 IST

  ​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.

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  Allow complete remote KYC for regulated NBFCs: IAMAI

  Technology | April 14, 2020 17:51 IST

  IAMAI 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 | April 05, 2020 19:44 IST

  The 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 | March 02, 2020 12:11 IST

  SBI 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.

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  It's IMPORTANT for SBI account holders to update KYC by Feb 28. Details here

  Business | February 22, 2020 8:05 IST

  SBI account: For any bank, maintaining a record of information about its customers is of great importance.