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