KYC stands for Know Your Customer. KYC is a process used by financial institutions to verify the identity of their customers. It involves collecting and verifying customer information to prevent fraud, money laundering, and other illegal activities. KYC typically includes gathering personal details, identification documents, and proof of address. Financial institutions are required by law to perform KYC procedures for their customers. KYC helps in building trust, reducing risks, and ensuring compliance with regulations.

KYC stands for Know Your Customer. KYC is a process used by financial institutions to verify the identity of their customers. It involves collecting and verifying customer information to prevent fraud, money laundering, and other illegal activities. KYC typically includes gathering personal details, identification documents, and proof of address. Financial institutions are required by law to perform KYC procedures for their customers. KYC helps in building trust, reducing risks, and

IIFL Finance Interview Questions: Full form of KYC

Asked inIIFL Finance,Assistant Credit Manager

Full form of KYC

AnswerBot

KYC stands for Know Your Customer.

KYC is a process used by financial institutions to verify the identity of their customers.
It involves collecting and verifying customer information to prevent fraud, ...read more

DIPU RAJBANSHI

KYC stands for Know Your Customer.

KYC is a process used by financial institutions to verify the identity of their customers.
It involves collecting and verifying customer information to prevent fraud, ...read more