KYC Norms

byPaytm Editorial TeamLast Updated: December 29, 2025

Meaning & Definition

KYC norms are rules that require financial institutions to verify customer identity before providing services. These norms help prevent fraud and illegal activities.

Why KYC Is Required

  • Confirms customer identity
  • Prevents misuse of accounts
  • Mandatory for banking and investments

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

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