RBI gives KYC relief to prepaid accounts up to ...

RBI gives KYC relief to prepaid accounts up to Rs 10,000

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RBI gives KYC relief to prepaid accounts up to Rs 10,000

https://www.timesnownews.com/business-economy/i...

Key Highlights

  • Pre-paid accounts including digital wallets up to Rs 10,000 can be issued with minimum customer details
  • This is a major relief for payments companies as they were finding it difficult to enroll customers in the absence of a remote authentication mechanism

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