KYC Norms

Consumer Voice - - Demat Account -

Know your cus­tomer (KYC) is a cus­tomer iden­ti­fi­ca­tion process that is done to pre­vent any crim­i­nal ac­tiv­ity. SEBI has made it manda­tory for KYC norms to be ful­filled in or­der to open a de­mat ac­count. Here’s what is re­quired to ful­fil the KYC norms: a) Proof of iden­tity: PAN card with pho­to­graph, voter ID card, pass­port, or Aad­har card b) Proof of ad­dress: Ra­tion card/pass­port/bank ac­count state­ment, driv­ing li­cense, or util­ity bills

(elec­tric­ity bill, tele­phone bill) (PAN card is com­pul­sory) c) Bank ac­count num­ber held in your name

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