Know Your Customer
WHAT IS KYC?
KYC stands for Know Your Customer process of identifying and verifying identify of customers.
WHY DO I HAVE TO DO KYC?
As per guidelines of SEBI all customers of a Bank or wallet, who wish to avail higher balance or ability to transfer money need to complete KYC.
WHY DOES WEALTHY BRAINS REQUIRE KYC?
Wealthy Brains objective of KYC is to identity theft, prevent terrorist financing, money laundering and financial fraud. KYC allows us to understand the customer better and manage risks prudently.