New Amendment to KYC Regulation by RBI – 10th May, 2021

RBI-Amendment-blog

In Jan 2020, Reserve Bank of India amended the KYC norms allowing banks and other lending institutions to use Video based Customer Identification Process (VCIP) to onboard customers remotely. This year on 10th May 2021, RBI has again amended this regulation to simplify and rationalise the process of periodic updation of KYC. Below are the […]