Whether Kyc Is Applicable For Credit/debit Cards?

1.	Whether Kyc Is Applicable For Credit/debit Cards?
Answer» Yes. KYC EXERCISE is necessary for Credit/ Smart Cards and also in respect of add-on/ supplementary cards. Since DEBIT cards are issued only to account holders and accounts are opened only after the KYC PROCEDURE is completed, there is no need for separate KYC for issuing debit CARD. Yes. KYC exercise is necessary for Credit/ Smart Cards and also in respect of add-on/ supplementary cards. Since debit cards are issued only to account holders and accounts are opened only after the KYC procedure is completed, there is no need for separate KYC for issuing debit card.

Answer»

Yes. KYC EXERCISE is necessary for Credit/ Smart Cards and also in respect of add-on/ supplementary cards. Since DEBIT cards are issued only to account holders and accounts are opened only after the KYC PROCEDURE is completed, there is no need for separate KYC for issuing debit CARD.

Yes. KYC exercise is necessary for Credit/ Smart Cards and also in respect of add-on/ supplementary cards. Since debit cards are issued only to account holders and accounts are opened only after the KYC procedure is completed, there is no need for separate KYC for issuing debit card.

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