On November 6th, 2024, the RBI (Reserve Bank of India) announced amendments to its Master Directions on KYC (Know Your Customer) guidelines with immediate effect. The Central Government made this announcement through a circular on November 6th to enhance security, promote transparency, and improve risk management in the financial sector. The amendment to the Master …
What is Blue Aadhaar Card: Meaning, Importance, and How to Apply
We all recognize the significance of possessing an Aadhaar Card. It serves as a nationwide identity proof. Whether you’re looking to rent a home or purchase a vehicle, having an Aadhaar Card is essential. In 2018, the Blue Aadhaar Card, also known as Baal Aadhaar, was introduced as an identification document for children under 5 …
What is Central KYC: Benefits, Mechanisms, and How to Obtain a CKYC Number
Are you fed up with handing in the same KYC documents every time you open a new bank account or invest in a mutual fund? Every time keep giving the same documents every time you open a bank account or invest in a mutual fund. But don’t worry! CKYC (Central Know Your Customer) is here …