Reserve Bank of India

25.02.2016

Banking

Comprehensive Master Directions on Know Your Customer

MANU/RPRL/0070/2016

The Reserve Bank of India issued Master Direction called the ‘Reserve Bank of India (Know Your Customer (KYC) Directions, 2016’. The Directions provide guidelines for when KYC formalities must be complied with, what level of diligence is required and to whom the directions are applicable. Particularly, the Directions simplify diligence procedure for individuals and Self Help Groups.

Tags : Kyc master directions simplification

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