What is KYC in Stock Market?

KYC (Know Your Customer) is the process through which a financial institution verifies a customer’s identity and other required details before providing financial services. As per SEBI guidelines, KYC is required when opening and maintaining investment accounts through registered intermediaries. 

While engaging in a KYC verification session, traders have to generally provide details, such as their Aadhar (acts as address + identity proof), PAN details, residential address, and any financial information required.

What is KYC for Trading Account India?

As mentioned before, KYC is the identity and verification process that an investor must complete before opening and using a trading account with a stockbroker. Note that, as per SEBI guidelines, undergoing KYC is mandatory for opening and operating a trading account in India.

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