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KYC stands for ‘Know Your Customer’. It is a process through which your identity and address are verified.
Through this process institution such as Banks, Insurance companies and other agencies can have authentic information about you. KYC is a vital process and helps curb the cases of financial fraud and false identity.
a. Central KYCb. Additional KYC
a.E-KYC: This can be done online by self-attesting the E-AADHAR and using the e-sign facility. Note that for this your AADHAR must be linked with mobile.
b. Offline KYC: This can be done by downloading the form and submitting it physically to the relevant authority’s office.
Keep the following documents with you if you are going for KYC
a) AADHAR cardb) Pan cardc) Voter IDd) Bank Statemente) Telephone bill/Electricity bill