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Know Your Customer
Know Your Customer
YOUR
CUSTOMER
KYC
KYC is an acronym for “Know your Client/
Customer”, a term commonly used for the Client Identification
Process. KYC enables banks to know / understand their customers
& their financial dealings to be able to both manage its risks and
also serve the customers better.
For the purpose of KYC Policy, a „Customer‟ is defined as:
available with the bank for all the Locker facility holders
When the bank feels it necessary to obtain additional information
Thank you