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You have successfully completed Importance of KYC in Banking!
If you’re wondering, ‘How do I know if my KYC is done?’, don’t worry. After submitting the KYC form and documents, you can track the progress of your application. By doing this, you can find out if you successfully completed the KYC process or if you must submit more documents.
KYC is short for Know-Your-Customer.
Banks do this to verify the identity of customers.
This is to ensure illegal transactions, identity theft and financial fraud do not take place.
You can complete your KYC verification both online and offline; you will have to fill a form and provide address and identity proof.
You can also complete the KYC process through a video call or in KYC Registration Agencies (KRA).
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You have successfully completed Importance of KYC in Banking!