Reusable KYC is not a silver bullet for all verification challenges; however, it gives us a glimpse into a future where ...

Reserve Bank of India has updated KYC norms. Banking correspondent (BC) can now update KYC. This includes NGOs, SHGs, MFIs ...

Self-declaration from the customer in case of no change in KYC information or change only in the address details may be ...

In a customer-friendly shift, the RBI has also allowed the use of Video-based Customer Identification Process (V-CIP) for such updates.

Times of India brings the Latest & Top Breaking News on Politics and Current Affairs in India & around the World, Cricket, ...

The RBI said it has noted a significant backlog in periodic KYC updates, including in accounts opened for receiving Direct Benefit Transfers or Electronic Benefit Transfers for various government ...

In another customer-friendly move, banks have been allowed to use Business Correspondents (BCs) for periodic KYC updates. BCs ...

The Reserve Bank of India (RBI) has issued fresh guidelines aimed at easing the process of know-your-customer (KYC) updates, ...

RBI instructs banks to update KYC for activating inoperative accounts, utilizing BCs and V-CIP, emphasizing rural branches.