What is kyc in bank account

Know Your Customer (KYC) is a mandatory process used by banks to verify the identity and address of customers. This ensures that financial services are not misused for illegal activities like money laundering or fraud. To complete KYC, Indian users typically need to provide:

• Proof of Identity: Documents like Aadhaar card, PAN card, or Passport.
• Proof of Address: Documents such as a Voter ID card, Driving License, or recent utility bills.
• A recent photograph.

This process helps banks maintain secure records and identify potential risks.