Comment on Latest Pi update - 18th July 2016

Venu commented on 01 Aug 2016, 12:29 PM

CKYC was proposed by Pranab Mukherjee in the budget of 2012. The implementation seeks to bring in a common KYC to the entire BFSI sector which means that if you open a Bank account and then some days later intend to open a trading account with a broker, you need not submit the KYC documents all over again making things easier to the end client.

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