What are the KYC norms for opening a demat account? MintGenie explains
These norms serve to verify the identity and credentials of account holders, ensuring transparency and security in financial transactions. In 2002, the Reserve Bank of India (RBI) introduced KYC guidelines for banks to prevent their misuse for illicit activities like money laundering or terrorist financing. Also Read: Demat Account: How to choose between full-service and … Read more
