Investors are burdened by several KYC (Know Your Client) forms, in addition to the apparent causes. This is a lack of understanding and widespread mis-spelling. This has added to the already complex and time-consuming documentation required investing in financial products.
CKYC means Central Know Your Customer form, and it has been in place since February 2017 in the financial services industry. It will make investing easier and minimize obstacles in the financial services industry. Clients will only have to go through the process of complying with CKYC once. Whether it is with a bank, a mutual fund, or an insurance firm, depending on their needs. They will not have to complete the Know Your Customer form with any other financial product manufacturers in the future. Also Read: How CKYC Makes Fixed Deposit Investment Easier in India?
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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