Quote Originally Posted by gvkc View Post
What is KYC? Why it is required? Is it there for every customer?
KYC - W.E.F. February 1, 2008, Investors in Mutual Funds investing Rs. 50,000/- and above are required to comply with Know Your Client (KYC) norms under the Prevention of Money Laundering Act 2002 (PMLA). More Info - wikipedia.org