On this page, We are going to learn about the full form of KYC and the meaning of KYC, As well as the meaning, definition, abbreviation, and acronym for KYC in different categories. So you should read this post till the end.
The Full Form of KYC: Know Your Customer
KYC Stands for Know Your Customer. KYC is a process to verify or collect personal identity and address-related information from Clint or the customer. it helps to prevent Bank fraud, illegal transactions, money laundering, identity cash transaction, etc.
Know Your Customer verification is introduced by the Reserve Bank of India (RBI) to prevent financial fraud. it is necessary to open an account in a bank, invest in mutual funds, take bank lockers, withdraw the company’s PF amount, or buy a SIM card.
Documents required for KYC
For the KYC verification, there are required Documents related to your Identity Proof and your Address Proof With the KYC Form, you can submit any of the following documents related to your identity.
- Aadhaar Card
- Pan Card
- Narega Card
- Passport
- Driving License
- Voter Identity Card
| Terms | Full Forms |
|---|---|
| KYC | Kinetic Yield Center Academic & Science |
| KYC | Keep Your Cool Chat or text |
| KYC | Know Your Client Business |
| KYC | Know Your Client Rule Business |
| KYC | Know Your Customer Business |