KYC full form and meaning in context of bank account opening
Any time you want to open a bank account in India, the first word you hear from bank is to submit KYC documents. What is KYC? what is its full form and meaning? and why it is required to open a bank account in India.
KYC full form is Know Your Customer. As per RBI (Reserve Bank of India) guidelines, KYC verification is a necessity for opening a bank account in India.
KYC (Know your customer) ...