KYC is an acronym for “Know Your Customer” or “Know Your Client.” Updation of KYC’s and signatures is a mandatory and legal procedure that is being done by financial institutions like banks, mutual fund houses, etc. This is to make sure that the identity of the customer is real and accessible. This helps in the prevention of any fraud or illegal financial activity. The updation of KYCs includes verification of the customer’s identity, signature, address, etc. Source: https://infinysolutions.com/everything-you-need-to-know-about-kyc-updation/
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Everything you need to know about KYC Updation

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KYC is an acronym for “Know Your Customer” or “Know Your Client.” Updation of KYC’s and signatures is a mandatory and legal procedure that is being done by financial institutions like banks, mutual fund houses, etc. This is to make sure that the identity of the customer is real and accessible. This helps in the prevention of any fraud or illegal financial activity. The updation of KYCs includes verification of the customer’s identity, signature, address, etc.

Source: https://infinysolutions.com/everything-you-need-to-know-about-kyc-updation/

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