FW: KYC ('Know Your Customer') papers

From: J M Sheth [mailto:jmsheth1939@yahoo.com]
Sent: Wednesday, March 04, 2015 5:15 PM
To: J M Sheth
Subject: FW: KYC ('Know Your Customer') papers

I THINK IT IS A REPEAT, BUT WORTH KNOWING

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I just want to highlight one very important aspect.

In ordinary course, we keep issuing and submitting our KYC papers/documents (i.e., identity and residential proofs.. such as PAN card, Aadhar Card, Passport, Phone Bill, Electricity Bill, Ration Card, etc.) to various offices/people. For housing or car or other loans, bank accounts, gas connection, demat account, or even for buying new SIM card, we submit these documents.

At almost all these places they ask for self-certification on these documents. We immediately sign those documents and hand over. Just imagine your self-certified copies are freely available in the hands of such persons & those documents can be used by him for EVERYTHING!

It is really serious and it has been seen that in most of the terrorist activities, KYC documents are sourced from the SIM card sellers.

Hence, please inculcate a habit of writing the date and purpose for which you are submitting the self-certified KYC Papers/Documents so that those documents cannot be used again.

Please share this as much as possible.