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Soon, banks to add additional KYC verification layers; check details – Times of India

newsguru.info5 March 202403 mins

[ad_1] New KYC updation process soon? Banks are working on strengthening their KYC (Know Your Customer) standards by adding extra verification layers to identify accounts and account holders. This initiative is being discussed with the Reserve Bank of India (RBI) and the government. The plan includes updating all existing accounts, especially those with a single…

Business

EPFO Changes Document Verification Process for Date of Birth Update | India Business News – Times of India

newsguru.info18 January 202404 mins

[ad_1] EPFO update: The Employees’ Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment, has made changes to its document verification process for correcting or updating the date of birth (DoB). The recent announcement on January 16, disclosed the removal of Aadhaar from the list of acceptable documents as the date of birth…