The KYC (Know Your Customer) procedure is a mandatory process used by financial institutions and regulated entities to verify a customer's identity, address, and assess risk profiles. It typically involves submitting identity and address proofs, completing in-person or digital verification, and ongoing account monitoring.
Proof of Identity (PoI): PAN card, Aadhaar card, Passport, Voter ID, or Driving License.Proof of Address (PoA): Utility bills (electricity, water, gas under 3 months old), Passport, Voter ID, or Bank Statements.Additional Details: Passport-size photograph, income details, and a signature sample.