Mekhala Gurudatta

What is Reverse Penny Drop ?  Reverse Penny Drop, also known as UPI-Based Authentication, allows users to initiate the authentication process by paying a little amount of INR 1 using their preferred UPI method. Most importantly, the little fee is promptly reimbursed to the customer's bank account following verification.

What is Penny Drop ?  Penny drop verification is a method used to confirm the validity of someone's bank account details. It works by depositing a small, predetermined amount of money, typically a single rupee, into the account in question. This small deposit is used to verify that the

What is Digilocker ?  The Ministry of Electronics & IT (MeitY)'s main project under the Digital India program is called DigiLocker. By giving citizens access to genuine digital documents in their digital document wallet, DigiLocker seeks to "empower" citizens through digital means. How does it help ?  Benefits

What is a KYC Registration Agency ? The acronym for KYC Registration Agency is KRA. In accordance with the 2011 KYC Regulations Act, KRA is registered with SEBI. This organization is in charge of centrally keeping track of the investors' KYC documents. On behalf of the capital market intermediaries that

What is PAN Card ?  The Income Tax Department of India issues a unique ten-digit identifier known as a PAN card, or Permanent Account Number. It is essential for conducting financial transactions, complying with income tax regulations, and serving as a means of confirming an individual's identification. The PAN

Have you ever signed up for a new bank account or investment app and got stuck filling out endless forms and mailing photocopies of your IDs ? That is the traditional Know Your Customer (KYC) process. But there's a new game changer in town: eKYC, or Electronic Know Your