A PROJECT REPORT ON

“KNOW YOUR CUSTOMER(KYC)”

BACHELOR OF COMMERCE
(BANKING & INSURANCE)
T.Y.B.B.I SEMESTER V
2017-2018

SUBMITTED BY
PRATIMA C. TELI
ROLL NO: - 05

PROJECT GUIDE
Ms. VANDANA DAKI

SHRI G.P.M DEGREE COLLEGE

VILE PARLE (East), MUMBAI-400057

SUBMITTED TO
UNIVERSITY OF MUMBAI
 DECLARATION

I PRATIMA C. TELI of Shri G.P.M. Degree College Of Science And

Commerce of T.Y.B.B.I (SEMESTER V) hereby declare that I have
completed project on “KNOW YOUR CUSTOMER(KYC)” in the
academic year 2017-2018. Information submitted is original and true to
the best of my knowledge.

SIGNATURE OF STUDENT
 CERTIFICATE

This is to certify that PRATIMA C. TELI of Shri G.P.M Degree

College Of Science And Commerce T.Y.B.B.I Semester V In
the Acadamic year 2017-2018 has successfully completed the Project
on
“KNOW YOUR CUSTOMER(KYC)”
under the guidance of Ms. VANDANA DAKI

Project Guide ____________________

External Examiner _____________________

Principal _____________________

Date: ____________

Place: Mumbai
 ACKNOWLEDGEMENT

I would like to express my deep sense of gratitude towards the Faculty

and the seniors of Shri G.P.M. Degree College Of Science And
Commerce around us, for their guidance and encouragement throughout
the period of the project study. I am indebted to their guidance, spirit and
valuable suggestions.

I would like to thank my project guide for her invaluable help provided
during the completion of this project. I also thank her for providing me
guidance and numerous suggestions throughout the project.

I would like to thank everyone who has been a help directly or indirectly
leading to the successful completion of the study report.

SIGNATURE OF STUDENT
 INDEX

Chapter Page
TOPIC
No. No.
1 HISTORY 1

2 INTRODUCTION 8
3 GUIDELINE 10
INTRODUCTION OF NEW TECHNOLOGIES CREDIT
4
CARDS / DEBIT CARDS/ SMART CARDS/GIFT CARDS
20

5 CORRESPONDENT BANKING 23

6 WIRE TRANSFER 26

7 PRINCIPAL OFFICER 30

MAINTENANCE OF RECORDS (PART A) CASH AND

8
SUSPICIOUS TRANSACTION REPORTS (PART B)
31

RBI PROBES GOLD LOAN FINANCIERS ON KYC 40

9
ADHERENCE

10 KYCFOR MUTUAL FUNDS 41

CUSTOMER EDUCATION\EMPLOYEE’S
11
TRANNING\EMPLOYEE’S HIRING
47

12 ARE KYC NORMS CROSSING THE LIMITS? 49

KYC IS NOW A MODERN DAY INTELLIGENCE ART

13
FORM
51

14 THERE ARE MANY SOFTWARE FOR KYC? 53

KYC NORMS: DOES THE GOVERNMENT KNOW THE

15
CLIENT?
55

16 CONCLUSION 64

17 BIBLIOGRAFHY 65