Digital banking has made foreign outward remittance a breeze. All Radhika has to do is head to her bank’s net banking page or use her bank’s app on her smartphone to get started. She has to choose ‘overseas transfer’, and fill in the details of the outward remittance. Once she has...
Here are some documents that you may be required to furnish to avail a standby line of credit in India: KYC documents of the majority shareholder KYC documents of the business Statements of the owner’s primary bank account Frequently asked questions Q1: What is the difference between a standby...
He has a European Executive MBA, a PhD in business administration and knowledge management on ‘Transformation of Financial Services Companies', a Fintech-certificate with a KYC/RegTech Capstone Project @M.I.T. in the United States & a certificate 'ICT Member of Supervisory Boards'. ...
Buying a loan can be a lengthy process where you have to go through the documentation, KYC and other formalities. In case you’re unable to apply for any of the above loans, you can opt for a LAP or loan against property. Let’s understand what is Loan Against Property and some of ...
A bank cheque leaf is something that enables you to make a safe and secure payment to someone. Let's explore what is a cheque leaf and its relevance. Keep reading for more.
in 3 easy steps Aadhar Card + PAN Card + Video KYC = Account opened! Open a DBS Bank Account Now Conclusion As an account holder, you must be aware of dormant account meaning. This will ensure that you carry out sufficient transactions to keep your bank account active. You can take one...
on banks and other financial institutions to identify and verify the identity of their customers as a way of preventing them from dealing in money laundering or other illegal financial activities. Banking and other financial entities are required to periodically update each customer’s ...
Every OPC shall prepare and file its Annual Return in prescribed form in MGT-7 before 30th September every year. Annual Return must be signed by Company Secretary and in case of absence it will be signed by director of the Company. 7. Filing Directors KYC Every individual holding Director Id...
Proof of bank account PAN card Passport size photographs The online method has made the account opening process simple. You can now set up a Demat account by submitting documents and completing KYC online. Benefits of opening a Demat Account with Angel One ...
Many companies, especially those involved in finance and banking, haveanti-money laundering(AML) rules in place to detect and prevent money laundering. For banks, compliance starts with verifying the identity of new clients, a process sometimes calledKnow Your Client(KYC) and customer due diligence...