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What Is KYC (Know Your Customer)?

The identity and address check banks and investment firms must do before opening an account.

Banking

KYC needs proof of identity and address, usually Aadhaar and PAN. It can be done online with Aadhaar OTP or a video call, or at a branch.

Banks ask you to update KYC from time to time. An account with outdated KYC can be restricted until it is updated.

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