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Traditional KYC Process PDF

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130 views5 pages

Traditional KYC Process PDF

Uploaded by

vivxtract
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Certified Blockchain & KYC Professional

Traditional KYC Process

1
Traditional KYC Process
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PayPal- KYC Steps
1 Proof of Identity

Customer needs to upload valid documents 3 Proof of Bank Account


such as pan card, Aadhaar card to verify
their identity.
Upload bank account information with
either a void cheque or copy of bank
2 Proof of Residential Address statements.

Upload official documents like electricity


bill, driving licence, Passport, Voter ID 4 Select a Purpose Code
card, water bill, etc. as proof of residential
address.
Enter a relevant Purpose Code for accurately
describing the type of business.

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When does Kyc Apply?
● KYC will be carried out at the following stages:
○ Opening a bank account
○ Availing Locker facility
○ Applying for credit card
○ Applying for loans
○ Changing signatory, nominee
○ Cross-Border payments, Syndicate lending, etc.

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THANK YOU!
Any questions?
You can mail us at
[email protected]

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