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RBI eases KYC compliance; no restrictions till December 31, 2021


RBI eases KYC compliance; no restrictions till December 31, 2021
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Customer accounts where periodic Know Your Customer (KYC) updating is new or pending will attract no punitive restriction on the operation of customer accounts till December 31, 2021, unless warranted, due to any other reason. Stating this, RBI governor Shaktikanta Das, in his virtual address on Wednesday also announced rationalisation of compliance to KYC requirements.
To enhance customer convenience, the RBI has now been decided to rationalise certain components of the extant KYC norms including extension of the scope of video KYC known as V-CIP (video-based customer identification process) for new categories of customers such as proprietorship firms, authorised signatories and beneficial owners of Legal Entities and for periodic updation of KYC, ....

Shaktikanta Das , Know Your Customer , Legal Entities , Regulated Entities , Rbi Governor Shaktikanta Das , Kyc Compliance , தெரியும் உங்கள் வாடிக்கையாளர் , சட்டப்பூர்வமானது நிறுவனங்கள் , ஒழுங்குபடுத்தப்பட்டது நிறுவனங்கள் ,