#1
2nd January 2016, 09:19 AM
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Standard chartered KYC status
Hello sir I want to know about the form status of KYC of Standard chartered so please provide me information about this form.
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#2
2nd January 2016, 09:19 AM
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Re: Standard chartered KYC status
Know Your Customer - KYC enables banks to know/ understand their customers and their financial dealings to be able to serve them better and manage its risks prudently. Mandatory of KYC It is a regulatory and legal requirement. Regulatory: In terms of the guidelines issued by the Reserve Bank of India (RBI) on 29th November 2004 Know Your Customer [KYC] Standards – Anti Money Laundering [AML] Measures, all banks are required to put in place a comprehensive policy framework covering KYC Standards and AML Measures. KYC apply KYC will be carried out at the following stages: Opening a new account Opening a subsequent account where documents as per current KYC standards not been submitted while opening the initial account Opening a Locker Facility where these documents are not available with the bank for all the Locker facility holders When the bank feels it necessary to obtain additional information from existing customers based on conduct of the account When there are changes to signatories, mandate holders, beneficial owners etc KYC will also be carried out in respect of non-account holders approaching the bank for high value one-off transactions. Documents required (i) Passport (ii) PAN card (iii) Voter’s Identity Card (iv) Driving license (v) Job card issued by NREGA duly signed by an officer of the State Government (vi) UIDAI (Aadhaar) Card |