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Major relief in KYC updation in your bank account: RBI empowers BCs to update KYC

The Reserve Bank of India (RBI) has amended two processes related to know your customer (KYC) norms for ease and convenience of banking customers. In a notification dated June 12, 2025, the RBI said ...
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KYC and open banking: the future of seamless verification

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Periodic KYC update in bank account to become easier; RBI proposes new draft rules, allows time till June 30, 2026, to do KYC for these customers

The Reserve Bank of India (RBI) has issued draft proposals for changes in the process of periodic updation of the Know-Your-Customer (KYC) in bank accounts. The proposed rules are expected to make ...
Asset Servicing Times

FV Bank selects DIRO’s solution for KYC

FV Bank has selected DIRO’s technology solution, Original Documents Online, to facilitate compliant automation of its know your customer (KYC) and know your business (KYB) processes. DIRO’s platform ...

From KYC, re-KYC to OTP safety, PM Modi outlines digital banking dos and don’ts

One must complete re-KYC on time to defeat scammers; Modi warns against cyber fraud and links timely KYC to secure bank ...