KYC Full Form

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Full Form

The full form of KYC is Know Your Customer,  sometimes Know Your Client

KYC check is the mandatory process of identifying and verifying the client's identity.

KYC guidelines help prevent banks from money laundering activities.

KYC helps the banks to communicate with clients and financial transactions.

RBI has recommended banks to implement the KYC process during account opening

eKYC is a process to verified electronically through Aadhaar authentication.

KYC is essential because it helps the banker to make sure the request and other details are real. 

It's because 99% of the adult population has a digital identity in the country. 

KYC is a mandatory practice for financial institutions and other related businesses.