Angel One - Share Market Trading and Stock Broking
Skip to main content
Financial Terms

KYC

It helps in preventing fraud and financial crimes such as money laundering. The process involves collecting information about a customer's identity, occupation, and source of income.

KYC, or "Know Your Customer," is a crucial concept in the world of finance. It enables institutions to ensure the legitimacy of their customers and prevent potential financial crimes. By collecting details like identity, occupation, and source of income, KYC helps institutions stay vigilant and protect against fraud and money laundering. In other words, it's a necessary step towards maintaining the integrity and security of the financial industry.

Related terms

Economy

Understand the meaning and definition of Economy in the context of stock market, trading, and investments.

MORE
Mark-to-market

Understand the meaning and definition of Mark-to-market in the context of stock market, trading, and investments.

MORE
Head and Shoulders

Understand the meaning and definition of Head and Shoulders in the context of stock market, trading, and investments.

MORE
Liquid Assets

Understand the meaning and definition of Liquid Assets in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store