Your mutual fund Know Your Customer (KYC) status may show as ‘validated’ or ‘registered’ or on hold . Read on to find out what that means and what action you need to take
KYC is essential for businesses to verify customer identities, comply with regulations, and combat financial crimes. Leveraging AI and biometrics in KYC balances security and convenience, safeguarding citizen data privacy
Small shopkeepers accepting credit card payments through OR code are facing difficulties in completing KYC requirements due to the integration of RuPay with UPI. While UPI only requires an issuer account, to accept credit card payments, shopkeepers must follow payment network guidelines, which need a merchant KYC process.