KNOW YOUR CUSTOMER (KYC) POLICY

Policy Overview: Know Your Customer (KYC), Anti Money Laundering (AML), Combating Financing Terrorism (CFT), and Maintenance of Deposit Accounts

The current KYC, AML, and CFT policy has undergone a thorough review by the Inspection and Audit Compliance Sub-Committee. This review took into account the guidelines and circulars issued by the Reserve Bank of India pertaining to the ‘Know Your Customer (KYC), Anti Money Laundering (AML), and Combating Financing Terrorism (CFT)’ policy. The revised policy was subsequently approved by the Board during its meeting on November 29, 2022, under Resolution No. A.1)(e)i).