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'Know Your Customer' is an important phrase which has become a mandate in the financial industry. The Reserve Bank of India (RBI) has advised all financial instituations to follow a 'KYC Guidelines', wherein certain personal information of the customer is obtained by the organization to avoid money laundering and various frauds. The objective of doing this is to enable the organization to have positive identification of its customers. This is also in the interest of customers to safeguard their hard earned money. The KYC guidelines set by RBI mandates us to collect three proofs from their customers which are as follows:

1. Photograph

2. Proof of identity (Name Proof)

3. Proof of address


Accordingly, Spice Money has framed its KYC procedure accordingly to which, a photograph and documentary proof of personal identification and address proof is a must and it has to be provided. An indicative list of the types of documents/information that may be relied upon for customer identification in line with RBI Guidelines are given below:

Features Documents that can be submitted
Photograph and Identity Proof

1. Passport
2. PAN card
3. Voter's Identity Card
4. Driving license
5. Identity card
6. Letter from any recognized public
    authority verifying the identity &
    residence of the customer
Correct permanent address

1. Telephone bill
2. Bank Account Statement
3. Letter from any recognized public
    authority
4. Electricity bill
5. Ration card
6. Letter from employer

 

In case of any clarification or queries, kindly send an email to compliance@smobility.in

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