On May 23, 2025, the Reserve Bank of India (RBI) released a draft circular proposing revised instructions for the updation and periodic updation of Know Your Customer (KYC) information. These ...

On a busy office day, Sushmita, a corporate executive, received an email in the name of her bank, asking her to update her know-your-customer (KYC) details immediately.

The new guidelines come in response to complaints about delays and difficulties faced by beneficiaries of government schemes ...

RBI proposes BCs for KYC updates, self-declaration, and inoperative account activation, seeking public feedback by June 6.

RBI proposes new KYC rules to simplify bank account updates, extend deadlines, and ease onboarding. Public comments open till ...

FTX starts second $5B payout to allowed claims via Kraken and BitGo, with up to 120% distribution for convenience claims.

RBI proposes that banks offer KYC update services at all branches and via video to reactivate inoperative or unclaimed ...

The draft proposal, announced on May 23, 2025, mandates that banks provide KYC updation facilities at all branches, including ...

The RBI has issued a draft comment on simplifying KYC rules. The proposed rules will make the bank customers' lives easier in ...

The Employees' Provident Fund Organisation (EPFO), however, under some conditions, permits partial withdrawal of EPF ...

With crypto kidnappings on the rise and a Solana co-founder being doxxed, the industry is starting to question if KYC is ...

In 2023-2024, 95 scheduled commercial banks received over 10 million complaints from their customers. The process of KYC at ...