|Definition||:||Know Your Customer|
|Category||:||Business » Business Terms|
What does KYC mean?
Know Your Customer (KYC) is a process for businesses to verify the identity of their customers. KYC is done by banks, and other institutions to know detailed information about their clients for the purpose of doing business with them and make sure that their clients are genuinely who they claim to be.
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Frequently Asked Questions (FAQ)
What is the full form of KYC?
The full form of KYC is Know Your Customer