What is KYC (Know Your Customer)? — Meaning, Definition & Example
Definition
KYC is a mandatory verification process for financial institutions to verify the identity and address of customers. Documents required typically include PAN card, Aadhaar, passport-size photo, and address proof. eKYC allows digital verification using Aadhaar OTP.
To open a mutual fund account on Groww or Zerodha, you complete KYC by submitting PAN, Aadhaar, and a selfie — the entire process takes under 5 minutes online.
🇮🇳 KYC (Know Your Customer) in Hindi / हिंदी में
KYC (नो योर कस्टमर) — KYC वित्तीय संस्थाओं के लिए ग्राहकों की पहचान और पते को सत्यापित करने की अनिवार्य प्रक्रिया है। eKYC आधार OTP से डिजिटल सत्यापन की अनुमति देता है।
KYC (Know Your Customer) (Hinglish) — KYC financial institutions ke liye mandatory verification process hai. PAN, Aadhaar, photo, address proof dena hota hai. eKYC se online 5 minute mein ho jaata hai.