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What are the Know-Your-Customer (KYC) norms for purchase of Electoral Bonds?
What are the Know-Your-Customer (KYC) norms for purchase of Electoral Bonds?
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RameshAnswered on February 19,2020
The extant instructions issued by the Reserve Bank of India regarding Know Your Customer norms of a Bank’s customer shall apply for all Applicants of the Electoral Bonds. However, SBI as Authorised Bank may call for any additional Know Your Customer documents, if it deems necessary.
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