Episode 67 - Demystifying Rs 2000 note withdrawal, TCS, LRS & managing finance with Monika Halan
ANI Podcast with Smita Prakash
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The RBI's Circular on KYC
Banks interpreted this to mean that the first 20, we will do your KYC. Then there was a Twitter uproar. The next day RBI sends out this one saying no, no, no,. you don't need to do it. Subsequently, I see another bank statement saying that Para 4B of yesterday is now not applicable. Now you don’t need to. Some banks did give forms out. Kiar, fill up your names, your card and all that. But then later on, I guess the RBI also came and these banks themselves corrected. They said that there's no need for supporting documents. Basically make it a hassle free thing where you just come in
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