PayU is ramping up its AI-led payments push, building infrastructure for agentic commerce as UPI volumes surge and digital transactions sca...

NRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...

Industry body IAMAI claims Trai is overstepping its bounds. Proposed rules for spam calls may unfairly target over-the-top platforms like W...

Ashok Hariharan of IDfy argues that digital trust must evolve beyond one-time KYC to continuous, intelligence-led risk assessment across th...

A Financial Action Task Force report backs India’s concerns that the real risk in crypto lies in offshore, non-compliant virtual asset serv...

Sebi is proposing a new system for mutual fund investments. Investors will soon be able to start investing once their KYC is verified. This...

Sebi has proposed a uniform process for mutual fund folio creation and first investment to tackle KYC compliance issues. The regulator seek...

NPS subscribers should be aware that if your PAN and Aadhaar card are not linked, your NPS account will be regarded KYC non-compliant, and ...

The Securities and Exchange Board of India has set a deadline of June 30, 2022 for making existing demat and trading accounts KYC-compliant...

Investors with demat or trading accounts have been urged to update their know-your-customer (KYC) information by March 31, 2022. Their acco...

PPIs stand for prepaid payment instruments. Forex cards, digital wallets etc are some examples of PPIs. The statement stated that the neces...

Last year, the ministry carried out the Know Your Customer (KYC) initiative for directors to ascertain their identities as part of larger e...

I do not expect any further clarification from RBI because it is very well known to the bankers what is a KYC compliant account and what is...

Branch managers may allow withdrawals beyond Rs 10,000 only after ascertaining the genuineness of such withdrawals, said the RBI release.

RBI notification said banks need not seek fresh proofs of identity and address at the time of periodic updation, from those customers who a...

The RBI also said banks need not seek fresh proofs of identity at the time of periodic updation, from those customers who are categorised a...

RBI has asked banks to "allow self-certification; accept a certified copy of the document by mail/post" for account opening.