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RBI guidelines on accounts portability 28 April 2012
RBI said, in order to comply with KYC needs of the correct address of the person, fresh address proof may be obtained from customers upon such transfer by the transferee branch. The Reserve Bank of India (RBI), on Friday, instructed...
Keywords: Reserve Bank of India (RBI), Reserve Bank of India (RBI), CBS and KYC, fresh address proof
Read MoreBanks fined crores over violating KYC norms 16 July 2013
About 22 banks were penalized by the RBI for money laundering and violation of know your customer (KYC) norms. Banks will have to pay crores of Rupees as part of fines. The central bank announced the decision after checking the...
Keywords: State Bank of India, Andhra Bank, State Bank of India, know your customer (KYC) norms
Read MoreAadhaar-SIM Linking Should Be Done By Feb 6 : Centre To SC 03 November 2017
Aadhaar-SIM Linking Should Be Done By Feb 6 : Centre To SC:- Under the E-KYC verification, all the customers should link up their mobile phone numbers with Aadhaar by February 6, said the Centre to the Supreme Court, on Thursday....
Keywords: Aadhaar E-KYC, Supreme Court, Supreme Court, Aadhaar E-KYC
Read MoreAadhaar-Verified Passengers Can Now Book 12 Tickets Per Month Online 03 November 2017
Aadhaar-Verified Passengers Can Now Book 12 Tickets Per Month Online:- In an exciting development, the officials said that the monthly cap on tickets booked on the IRCTC portal, has been increased from six to twelve, by the Indian Railways. This...
Keywords: Aadhaar Based E-KYC, IRCTC portal, IRCTC portal, Aadhaar Cards
Read MoreRBI fines SBI again 07 August 2013
The Reserve Bank of India has once again fined the State Bank of India for violating currency chest norms. This news comes in the wake of a Rs 3 crore fine imposed on the bank last month for violating Know...
Keywords: KYC norms, banks violating KYC norms, banks violating KYC norms, RBI fines SBI
Read MoreRBI Decreases Withdrawal Limit of Jan Dhan Account Holders to Rs.10000/Month 30 November 2016
The Reserve Bank of India (RBI) has issued a notification to all those who has the account in Jan Dhan. According to the notification, all those who are Jan Dhan account holders from money launderers will only be allowed to withdraw...
Keywords: withdrawal limit, RBI, Account holders, RBI
Read MoreIndian Bank introduces account portability facility 20 February 2012
The customers can shift his or her account to any of the desired branch any number of times, without any change in the account number, with just a change in home branch code. Indian Bank has introduced account portability feature...
Keywords: freedom of operating, home branch code, know your customer (KYC) documents, Indian Bank introduces account portability
Read MoreCDSL launches KYC Registration Agency 05 January 2012
Capital markets regulator the Securities and Exchange Board of India (SEBI), said it is informally talking to other regulators to adopt its model of uniform know-your-customer (KYC) platform. “We are informally talking to other regulators to adopt our model of...
Keywords: Capital markets regulator, mass media campaign, FPO route, Capital markets regulator
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