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KYC stands for Know Your Customer, a process of verifying the identity and address of customers who use financial services. Learn about the different types of KYC , the steps involved, and the benefits of KYC for security and compliance. KYC (know your customer): Know the KYC full form, meaning, importance, types, and why it is essential for financial institutions to verify user identity. KYC Full Form: KYC ( Know Your Customer) refers to the process of verifying all customers’ and clients’ identities and addresses by banks, insurance companies, and other institutions before or during transactions with their customers. KYC has been made mandatory by the RBI for all banks ... Know Your Customer ( KYC ) is a key verification process in banking and finance. Learn what KYC means, its importance, types, and how the process works.
