KYC (Know Your Customer):-

           KYC full form is ‘Know Your Customer.’ It is a verification process that allows an institution to confirm and thereby verify the authenticity of their customer. This authenticity is to be sure of the identity and the address of the customer. To verify their identity and address, a customer of the financial service will be required to submit their KYC documentation before they begin investing in a variety of instruments like fixed deposits, mutual funds, and bank accounts through the portal of the financial institution.