kyc requirements gcash

kyc requirements gcash thành phố Châu Đốc

Giới thiệu trò chơi: Khám phá niềm vui và hứng thú bất tậnXin chào thế giới

Xin chào! Cảm ơn các bạn đã chọn đọc bài viết này, chúng tôi sẽ giới thiệu chi tiết đến các bạn một trò chơi hấp dẫn - Game để các bạn có thể tận hưởng niềm vui và thử thách. Dù bạn là người chơi mới hay người chơi có kinh nghiệm, trò chơi đều có thể mang đến cho bạn những bất ngờ và hứng thú vô tận, cho phép bạn hòa mình vào một thế giới ảo mới.

kyc requirements gcashKYC requirements for mutual fund investors

Whenever a person intend to buy some financial product or avail any financial service such as opening a bank account with the bank; purchasing insurance plan from insurance firm; getting a loan from the bank ; purchasing units of mutual funds etc. then he/she is liable to undergo the process of Know Your Customer i.e. KYC process. KYC is specifically done to ensure that the investor is not indulging in any kind of unlawful activities. KYC is short for ‘Know your customer’ which simply means a customer identification process carried out by all financial institutions where customers/investors are required to provide all the mandatory documents for completing the verification process.Mutual funds conduct KYC process in order to crosscheck the identity of their investors. KYC in mutual funds is mandatory as per Prevention of Money laundering Act 2002. Reserve Bank of India issued guidelines for KYC in 2002 which are supplemented by the master circular of securities and Exchange Board of India. With effect from January 1, 2012, centralized KYC registration process through SEBI registered KYC Registration Agencies (KRAs) has been implemented. Each investor must undergo a uniform KYC process only once in the securities market.What is the role of KYC process in Mutual Funds investing?Investors are obliged to go through KYC process while investing in mutual funds because fund house must be sure of the nature of money that is being invested through their platforms. It is done to ensure that investments made in mutual funds are as per the law. Mutual funds want to be satisfied that investors investing in their units are not corrupt hence investors are asked to furnish some identity proofs to get authority’s approval for investing. An asset management company has its credibility in mutual funds domain as it has won the trust of its investors therefore it cannot tolerate any kind of inefficiency in KYC process on the part of its investors. Investors’ history is checked to know their past financial records and defaults.Documents required for KYCAt the time of KYC process, Individual investors are required to submit some documents in order to establish their identity with the fund house. T……