The Jan Dhan account scheme has completed 10 years, prompting public sector banks to organize re-KYC camps at the panchayat level from July...

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

Reserve Bank of India introduces new guidelines for inactive bank accounts. Customers can now update KYC at any branch. Video KYC option is...

KYC updation rules eased: The RBI has issued a draft comment on simplifying KYC rules. The proposed rules will make the bank customers' liv...

The Pension Fund Regulatory and Development Authority (PFRDA) allows the Video Customer Identification Process (V-CIP) for National Pension...

PM Jan Dhan accounts KYC:The PMJDY was launched in 2014, resulting in the opening of approximately 10.5 crore PMJDY accounts in mission mod...

Despite the regulator’s insistence on adhering to prescribed norms, many payment firms seem to be lax in conducting bank-grade KYCs. This a...

As fintech startups try to onboard merchants faster than competition, they’re mostly conducting only the basic checks prescribed by the RBI...

Re-KYC is an periodic update on an individual's KYC status, which has to be conducted by every banks and other entities regulated by the Re...

The introduction of the Video Re-KYC facility streamlines, improves, and enhances the overall client experience during the Re-KYC process.

This has put off banks and other large lenders as they may now have to use video KYC or physical KYC, which are costlier, to authenticate t...

According to the central bank, a new KYC procedure can be completed in person at a bank branch or online using a video-based Customer Ident...

"Fresh KYC process can be done by visiting a bank branch, or remotely through a Video based Customer Identification Process (V-CIP) (wherev...

KYC compliance for demat and trading accounts has been extended until June 2022. This means that holders of demat and trading accounts must...

In a move that will enable banks and fintechs onboard customers remotely, RBI has amended its norms to allow the ‘know your customer’ (KYC)...

In a step to save costs and time, the RBI decided to permit videobased KYC (Know Your Customer) which will be a huge relief to map remote c...

Flipkart, whose plans to enter into digital financial services had been in a limbo for some time, had worked with smaller fintech partners.