Page 5 - Kyc

Aadhaar number mandatory for availing of govt subsidies and benefits

Under Section 7 of the Aadhaar Act, a person not assigned an Aadhaar number "shall be offered alternative and viable means of identification for delivery of the subsidy, benefit or service"

EnKash: Powering India's SMEs and start-ups with a suite of corporate cards

The firm currently has a user base of 100,000 enterprises and processes transactions worth about Rs 28,000 cr a year

How Truecaller is using AI assistant to help you attend, or drop calls

Considering the number of reports on spam calls in India, a voice assistant to filter them will be a huge step

Inadequate KYCs: Sebi lays down rules for deactivation of accounts

MIIs will have to ensure that they communicate the details of the deactivation along with reasons to the respective registered intermediary

PM KISAN Yojana: List of documents required to receive the 12th installment

To avail of the benefits under PM KISAN Yojana, the farmer family must present the required documents before the state government

PM Kisan Yojana: How to know your registration number to avail of benefits

Under PM KISAN Yojana, the payment is done in the form of three equal installments of Rs 2,000 each. But to avail of the benefits, the farmers need to get themselves registered under the scheme

Sebi provides directive for sub-KYC user agency for Aadhaar authentication

Capital markets regulator Sebi on Wednesday issued directives for sub-KYC user agencies to provide Aadhaar authentication services to their clients for the purpose of know your customer (KYC). This comes after the government last week notified 155 entities as sub-KUAs (KYC user agencies) to use Aadhaar authentication services of the UIDAI (Unique Identification Authority of India). In a circular, the Securities and Exchange Board of India (Sebi) said that these entities are required to enter into an agreement with a KUA and get themselves registered with UIDAI as sub-KUAs. The agreement in this regard will be as prescribed by the UIDAI. Further, the sub-KUAs need to follow the process as may be prescribed by the UIDAI from time to time. "The KUAs shall facilitate the onboarding of these entities as sub-KUAs to provide the services of Aadhaar authentication with respect to KYC," the regulator said. In May 2020, the regulator listed the entities that can undertake e-KYC Aadhaar ...

PM KISAN: How to register under the scheme to receive the 12th installment

To use the scheme's benefits, a family must own cultivable land, the records of which must be available with the state authorities

PM Kisan Yojana: How to apply for benefits under the farmer scheme

Under the PM Kisan Yojana, a family is defined as a husband, a wife and minor children. If any farmer's family has more members, they are declared ineligible for the installments

India's crypto exchanges flouted KYC, money laundering norms: ED

The latest findings by the federal agency have come to light during its ongoing probe into forex violation by at least 11 crypto exchanges

PM Kisan Yojana: A complete guide to availing 12th installment of scheme

The 11th installment was released by PM Narendra Modi on May 31. According to state data, Rs 21,000 crore were given to 10 crore families in the installment

RBI fines Ola Financial Services Rs 1.67 cr for not following directions

Ola Financial Services was found to be non-compliant with the directions issued by RBI on KYC requirements

KYC mandatory: What you must know about new rules for MF investments

Brokers will not be allowed to accumulate investors' funds; investors have to verify their personal details online

We ensure that crypto transactions are in the KYC framework: CoinSwitch CEO

Crypto will pave the way for Web 3.0, a new internet that is open and shared, says CoinSwitch CEO Ashish Singhal

Karza's AI-powered Video KYC Enables End-to-End Automation in Onboarding

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RBI imposes Rs 1.12 cr penalty on Bank of Maharashtra for non-compliance

Separately, the central bank has imposed a penalty of Rs 25 lakh on The Haryana State Co-operative Apex Bank, Chandigarh for contraventions with RBI directions on housing finance

Find out why your credit report shows a loan you don't remember taking

Loans can be issued to you both legally and fraudulently. So if there's a suspicious entry in your credit report, get to the bottom of the matter immediately

Top headlines: Nifty firms' Q4 profit to surge, LIC IPO launch likely soon

Business Standard brings you the top headlines this morning

KYC norms likely for online skill gamers to curb money laundering

If platforms facilitating online gaming with stakes are brought within the PMLA's purview, such companies would have to follow the know your customer (KYC) norms while onboarding users

BSE Technologies gets Sebi nod to operate as KYC Registration Agency

BSE Technologies, a subsidiary of BSE, has received authorisation from capital markets regulator Sebi to act as a KYC Registration Agency (KRA).