Any customer to a financial instution has to satisfy the KYC policy of the bank, which is mandated by the Reserve Bank of India. Hence, this is potentially a key area for questions in interviews and discussions.

KYC is an acronym for “Know Your Customer” and is the process of a business identifying and verifying the identity of its clients. KYC processes are mandatory in many industries and are often used to reduce fraud.

The KYC process involves collecting personal information about the client, verifying that information, and then creating a customer profile. The customer profile should include not only identifying information but also financial information like credit history.

Know Your Customer (KYC) is an important banking procedure that enables banks to understand their customers better by verifying their customers’ true identity and the nature of financial transactions expected in dealing with their customer. ‘Know Your Customer’ (KYC) is the guiding principle behind Anti-Money Laundering (AML) measures.

This course will introduce you to some basic information related to the Know Your Customer procedure of banks. The course has 5 short modules. Each Module describes to you the various aspects of KYC in simple and clear terms.

What you’ll get?

• E-learning course (duration 1 hours) – Subscription duration – 3 months
• Online Test (20 questions out of a large question bank),
• TrainingCentral Certificate on getting passing marks (60%)