KYC Self Declaration?

[theglobalinvestor]

Is this something we need to do? I keep seeing this when I login to my account.

 

[Wealth is my birth right!]

Is this something we need to do? I keep seeing this when I login to my account.

View attachment 60654

Maybe it’s applicable for periodically kyc i mean 2 yrs once some banks do it for savings accounts

 

[SSV]

Is this something we need to do? I keep seeing this when I login to my account.

View attachment 60654

 

[phoenix1386]

Hey Sree! Any idea how the low, medium and high risk categorizations are worked out?

@SSV

 

[Anupama_Jha]

Hey Sree! Any idea how the low, medium and high risk categorizations are worked out?

@SSV

core banking system (CBS) have this data. U can request BM to know.

*He should know this, else will make excuses.

 

[SSV]

Hey Sree! Any idea how the low, medium and high risk categorizations are worked out?

@SSV

I don't know the exact factors involved in this determination.
But I think the following may play vital role:
1)Your occupation type: salaried / self employed
2) Actual occupation/ profession : for example, doctor ,/it professional / real estate business/ share trader/ sales man etc etc.
3) Income range
4) age, location etc
Like this there will be many factors that go into determining risk categories..