How Know Your Customer (KYC) works
It commonly verifies identity, address, PAN and other prescribed information through regulated intermediaries. KYC completion does not mean a product is approved for the investor or free of risk.
An example
An investor may complete KYC once through an authorised registration agency and then update details when address, name or prescribed information changes.
Why it matters for your family
Keep details current across family accounts so transactions, nominations and service requests are not delayed, and never share OTPs or passwords with someone offering to complete KYC informally.
Questions people ask
- What does Know Your Customer (KYC) mean?
- KYC is the identity-verification process financial institutions use before providing regulated services.
- Why does Know Your Customer (KYC) matter for a family?
- Keep details current across family accounts so transactions, nominations and service requests are not delayed, and never share OTPs or passwords with someone offering to complete KYC informally.
- Where can I verify information about Know Your Customer (KYC)?
- Start with SEBI Investor, linked on this page, and the current official document for the product or tax year involved.