Tag: KYC
KYV process for Fastag will end from tomorrow: Vehicle owners will not have to update again and again, banks will verify the data themselves.
New Delhi26 minutes ago copy link KYV (Know Your Vehicle) process will no longer be required while issuing Fastag for new cars, jeeps and vans from tomorrow (February 1). The National Highways Authority of India (NHAI) has decided to stop the KYV process for new cars. Also, the owners of cars which already have Fastag…
Good News For OCI Cardholders! Now You Can Complete NPS KYC Digitally From Abroad; Documents Required Are…
New Delhi: Good news for Overseas Citizens of India (OCI)! The Pension Fund Regulatory and Development Authority (PFRDA) has updated its KYC rules. This makes the process much simpler for OCIs living abroad. They can now complete their National Pension System (NPS) KYC digitally from anywhere in the world without needing to travel to India….
Pradhan Mantri Jan Dhan Yojana Update: Get this service at doorstep; your account may close if you ignore
Do you have a Pradhan Mantri Jan Dhan Yojana – PMJDY account? If yes, then this news is important for you. If you haven’t updated your KYC for a long time, then you don’t need to go anywhere. As per the government guidelines, this service is now being provided at your doorstep. Banks across the country…
RBI Issues Latest Guidelines On Inoperative Accounts, Unclaimed Deposits in Banks – Check RBI Revised Instructions Amendment 2025
New Delhi: The Reserve Bank of India (RBI) has issued its latest guidelines on inoperative accounts/ unclaimed deposits in banks. RBI has said, the amended instructions shall come into force with immediate effect. In the latest notification –Inoperative Accounts/ Unclaimed Deposits in Banks – Revised Instructions (Amendment) 2025 — the RBI says that a bank…
KYC Rules: RBI Makes 6 Amendments, New Rules Effective Immediately –Check Details
New Delhi: The Reserve Bank of India (RBI) has recently made changes to the Know Your Customer (KCC) norms to align them with recent amendments carried out in the Prevention of Money Laundering (Maintenance of Records) Rules and revised certain existing instructions. According to the Amendment to the Master Direction – Know Your Customer (KYC)…
NSE Crosses Record 10-Crore Unique Registered Investor Base
New Delhi: The National Stock Exchange (NSE) on Thursday said the unique registered investor base on the exchange has crossed the ten-crore mark for the first time. The total number of client codes (accounts) registered with the leading exchange stands at 19 crore, the NSE informed. “Following the achievement of the nine-crore mark in late…
RBI Tightens Rules For Domestic Money Transfers
New Delhi: The Reserve Bank of India (RBI) has tightened the framework for domestic money transfers in order to keep track of both cash pay-in and pay-out services. In a circular issued on Wednesday, the RBI stated that in the case of cash pay-out service, the remitting bank shall obtain and keep a record of…