Saturday, November 21, 2015

KNOW YOUR CUSTOMER (KYC)

It is the process used by a business to verify the identity of their clients.
Agents should ensure that proposers submit the proposal form along with the following as part of the KYC Procedure:
·         Photographs
·         Age Proof
·         Proof of address-driving license, passport ,telephone bill, electricity bill, bank passbook etc.
·         Proof of identity- driving license, passport, voter ID card, PAN card etc.

·         Income proof documents in case of high-value transactions

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