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KYC (Know Your Customer)
KYC is the process of verifying a customer’s identity and address, usually with a PAN card and Aadhaar, before opening a bank account, demat account or mutual fund investment. It helps prevent fraud, money laundering and tax evasion.
Why It Matters
Without completed KYC, you cannot open a demat account or invest in a mutual fund.
In India
Most KYC in India is now done digitally in minutes using Aadhaar-based verification and a video call.
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