KYC
- Business
Aadhaar authentication rose to 2.31 billion in March 2023: IT Ministry data
New Delhi: Aadhaar authentication transactions have climbed to 2.31 billion in March 2023, against 2.26 billion authentication transactions recorded in February 2023, according to IT Ministry data. Also, Aadhaar-enabled e-KYC rose by…
- Business
RBI imposes Rs 3.06 cr penalty on Amazon Pay (India) for violation of norms
Mumbai: The Reserve Bank of India on Friday said it has imposed a penalty of over Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to…
- India
Farmers under PM Kisan to link bank account with Aadhaar by Feb 10 for benefits
Jaipur: Beneficiary farmers of PM Kisan Scheme will have to get their bank account e-KYC verified by February 10, an official said. It has been made mandatory for the beneficiaries of the PM…
- Business
Aadhaar usage records growth, 25.25 crore e-KYC transactions in Sep
New Delhi: Aadhaar adoption and usage continued to record growth as during the month of September, 25.25 crore e-KYC transactions were executed through Aadhaar — almost 7.7 per cent jump in such…
- India
ED raids private firm, seizes gold and silver worth Rs 47.76 cr
New Delhi: The Enforcement Directorate (ED) on Wednesday concluded search operation at four premises belonging to Raksha Bullion and Classic Marbles. The searches were conducted in connection with the money laundering probe…
- India
Lok Sabha approves ‘crypto tax’ amendments
New Delhi: Taxation of virtual digital assets (VDAs) or “crypto tax” proposed in the Union Budget 2022-23 is set to be implemented from April 1, as the Lok Sabha on Friday passed…
- Business
RBI imposes Rs 25 lakh fine on Axis Bank for violation of KYC norms
Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 25 lakh on Axis Bank for violation/non-compliance of Know Your Customer (KYC) regulations. The penalty has been imposed in…
- Hyderabad
Cyberabad police issues advisory to prevent Paytm KYC frauds
Hyderabad: In a scary development, scamsters are now using an unidentified mobile application through which they are able to gain remote access of screens of peoples’ smart phones. To gain access, the fraudsters call…
- India
EPFO updates KYC for 52.62 lakh subscribers since 1 April
New Delhi: To extend the availability and reach of online services, which have become crucial in the wake of the COVID-19 pandemic, EPFO updated Know your Customer (KYC) data for its 52.62…
- Business
IDFC FIRST Bank Launches Video KYC for Online Savings Accounts
Digital journey gives customers a branch-like experience at home, enabling KYC completion online MUMBAI, May 29, 2020 /PRNewswire/ — Putting customers’ safety first, IDFC FIRST Bank today announced the launch of video…
- Business
SBI may block your accounts after Feb 28, here’s why
NEW DELHI: The State Bank of India (SBI) has announced that bank may be constrained to freeze accounts if customers fail to update Know Your Customer (KYC) details for hassle-free banking experience within February…
- Technology
PhonePe, Paytm have till February 2020 to update KYC
New Delhi: With the Reserve Bank of India (RBI) extending the deadline for mobile wallets to become fully Know Your Customer (KYC) compliant, people using PhonePe, Paytm, Amazon Pay or other such…
- Business
RBI imposes penalty on four banks for non-compliance of KYC/AML rules
Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.75 crore on four public sector banks for non-compliance with KYC requirement and norms for opening of current accounts.…
- Business
RBI penalises HDFC Bank for violating KYC norms
Mumbai: The Reserve Bank of India (RBI) has imposed a fine of Rs one crore on private sector lender HDFC Bank for violation norms relating to know-your-customer (KYC), anti-money laundering and reporting…
