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Know Your Customers (KYC)

Know your customer (KYC) is the process of a business verifying the identity of its clients.

For the purpose of a KYC policy, a Customer/Client may be as:

  • a person or entity that maintains an account and/or has a business relationship with the company;
  • one on whose behalf the account is maintained (i.e. the beneficial owner);
  • beneficiaries of transactions conducted by professional intermediaries such as stockbrokers, Chartered Accountants, or solicitors, as permitted under the law; or
  • any person or entity connected with a financial transaction which can pose significant reputational or other risks to the company.

For companies KYC forms helps in identifying and verifying existence, address, activities, directors, legal representatives, source of funds and ownership.

Customers/Clients can download the KYC Application form from the link given below.