Tag: KYC

Aadhaar e-KYC transactions register significant jump

A total of 169 entities, including 105 banks, are live on e-KYC.

January 27, 2023

Aadhaar transactions register substantial growth: Govt.

Aadhaar usage and adoption continue to grow at a rapid pace with the number of authentication transactions surging to 219.71 crores in August, registering a growth of over 44 per cent when compared with the previous month, according to data released by the Ministry of Electronics & IT on Thursday.

September 29, 2022

RBI warns against frauds in guise of KYC update

"Members of public are hereby cautioned not to share account login details, personal information, copies of KYC documents, card information, PIN, password, OTP, etc. with unidentified persons or agencies. Further, such details should not be shared through unverified/unauthorised websites or applications,"

September 13, 2021

Haryana Police’s ‘KYC’ scheme helps 1.66L people know their cases status

Giving this information on Monday, additional director general of police (law and order), Navdeep Singh Virk said that as many as 89,353 people have visited from January to December last year to enquire about the progress of their complaints.

January 19, 2021

No KYC disclosure on purchase of jewellery, precious stones below Rs 2 lakh

This is a requirement of FATF (Financial Action Task Force) Dealers in Precious Metals and Precious Stones (DPMS) to carry out KYC and Customer Due Diligence only when they conduct such big cash transactions.

January 9, 2021

5 member gang of cyber fraudsters held from Jharkhand

Believing the message to be genuine, the doctor entered her bank account details including internet banking, Cyberabad Police Commissioner V C Sajjanar said.

November 20, 2019

Mobile Wallets have till February 2020 to update KYC

With the Reserve Bank of India (RBI) extending the deadline for mobile wallets to be fully compliant with Know Your Customer (KYC), people using PhonePe, Paytm, Amazon Pay or other such wallets will have no trouble making their transactions as usual till 29 February 2020.

September 2, 2019

Not KYC, ‘know your employee’ too to check frauds: CVC to banks

Banks should not only adhere to Know Your Customer (KYC) norms but also on ‘Know Your Employee’ to check frauds, says the recently-released vigilance manual by the CVC. “Several frauds are insider jobs or perpetrated with the abetment of insiders. Banks have to take extra care to have continuous vigil on their staff,” it said....

September 11, 2017