Banking Exam Question - How to Generate Know Your Customer (KYC) in Banks? Topics to be Includes in KYC

Introduction - How to Generate KYC in Banks?

All information that the bank has about its customers and descriptions are called customer identities. KYC can be compiled by collecting complete details of the following areas:
 

1) When opening the account, take full details of the formatted form

• Name
• Father / mother's name
• Mrs.'s name and business
• Baby name and business
• Permanent Address
• Occupation details
• Educational qualification
• The job
• Contact number
• Birth
• Citizenship Certificate
• Fax, e-mail, website

2) conversations with the customer
3) Micro inspection and evaluation of customer's business
4) Check the customer submitted documents
5) Collection the details of the customer and his business
6) Authorized Capital

• Payment capital
• Admin
• Business area
• Address
• Registration number
• Banking statement
• Area and business
• Company telephone, fax, e-mail, website, address etc.