KYC details News
In an official communication dated October 17, 2024, the Central KYC Records Registry announced new measures to enhance data security.
It has also been made mandatory for members to carry out in-person verification of all new clients.
The UAN project is likely to be launched by Prime Minister Narendra Modi. However, no date for the formal launch has been fixed as yet.
Retirement fund manager EPFO has settled over 11 lakh claims, including transfer and withdrawal of provident fund, last month.
Market watchdog Sebi may soon allow other financial sector regulators to access the centralised database of Know Your Clients (KYC) details of capital market investors.
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