MUMBAI, India, June 12 -- Reserve Bank of India issued the following notification:
RBI/2025-26/51
DOR.AML.REC.30/14.01.001/2025-26
June 12, 2025
Reserve Bank of India (Know Your Customer (KYC)) (Amendment) Directions, 2025
Reserve Bank had issued Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016 (hereinafter referred to as Master Direction) in compliance of the provisions of the PML Act, 2002 and the Rules made thereunder. There is a need to further amend the same in order to enhance consumer protection and service.
2. Accordingly, in exercise of the powers conferred by sections 35A of the Banking Regulation Act, 1949, read with section 56 of the Act ibid, sections 45JA, 45K and 45L of the Reserve Bank of India Act,193...