Know Your Customer
WHAT DOES KYC MEAN?
KYC, an acronym for Know Your Customer, refers to the process of identifying and verifying the identity of customers.
WHY IS KYC REQUIRED?
In accordance with SEBI guidelines, all customers of a bank or wallet who seek to access higher balances or transfer money must complete the KYC process.
WHY DOES WEALTHY BRAINS REQUEST KYC?
The objective of KYC at Wealthy Brains is to prevent identity theft, terrorist financing, money laundering, and financial fraud. KYC enables us to gain a better understanding of our customers and manage risks effectively.