This is necessary to keep customer information correct and make sure that legal standards are met. With Re-KYC, banks can find out who their customers are and make sure they are who they say they are. This stops scams and keeps the banking system safe.
Our smooth Re-KYC solutions make sure that you’re following the rules by letting you do regular KYC updates, keeping customer records safe, stopping scams, and making sure that you always have secure, up-to-date identity verification.
Regular changes to Re-KYC make sure that customer information is correct, reducing mistakes and keeping accurate records for better service delivery.
Increases safety by making sure customers are who they say they are. This lowers the chances of identity theft, financial scams, and deals that aren't supposed to happen.
Helps companies keep up with changing government rules so they don't get fined and can run smoothly while following compliance rules.
Keeps KYC data up to date and stops service interruptions so that banking and financial services can be used without any problems.
The customer is told by the bank or other financial institution that their KYC information needs to be changed.
The customer must bring self-attested copies of the identity and address proof documents that are needed. These could be a passport, driver’s license, voter ID, or Aadhaar card.
The re-KYC process can be done in person at a branch or online through a specialized portal, depending on the organisation.
The organisation checks the submitted papers against official records to make sure they are real.
Some businesses may need to see the customer on video to make sure they are who they say they are using face recognition technology.
Re-KYC is usually done on a regular basis, like every few years, because that’s what regulators require.
Aadhaar card is a government-issued ID card in India that serves as proof of identity and address for residents.
The voter ID or election card is an official document that confirms your eligibility to vote and includes your residential address.
Passport is an official government-issued document that verifies your identity and nationality, issued by the Indian government.
The Permanent Account Number card is a unique identifier for financial transactions and tax purposes in India.
A document that confirms your residential address, such as a utility bill, rental agreement, or bank statement.
If you are a Non-Resident Indian (NRI), you must complete the re-KYC form to update your details.
A document that you need to fill out and sign to confirm your current status or details.
A declaration under the Foreign Account Tax Compliance Act, required for tax compliance related to foreign accounts.
A document related to the Common Reporting Standard, which ensures the exchange of financial information globally.
Radiance Solution’s quick and safe Re-KYC process makes it easy to change your information so you stay in compliance and can keep using our services.
