KYC is a process carried out by AU Small Finance Bank or any other bank or financial institution to verify the identity of their customers, as per the rules defined by the Reserve Bank of India (RBI). It is done when you want to initiate any kind of banking transaction, such as opening an account, applying for a loan or credit card, etc. This process can be done mainly in two forms: Minimum KYC and Full KYC.
Wait time: 4 min
Response time: 2 days
Wait time: 5 min
Wait time: <1 min