KYC (Know Your Customer) is a process used by banks, financial institutions, and companies to verify a customer’s identity. It helps ensure that services are provided to genuine individuals and prevents fraud, money laundering, and illegal activities.
KYC usually involves collecting and verifying documents such as:
Proof of identity (Aadhaar card, PAN card, passport, voter ID)
Proof of address (Aadhaar, utility bills, bank statements)
Recent photographs
In simple terms, KYC confirms who you are and where you live before you can use certain financial or official services.