RBI warns against rising fradulent activity related to KYC updation

The Reserve Bank of India said it has been receiving several complaints about people falling prey to frauds that are being perpetrated in the name of KYC updation.

The Reserve Bank of India (RBI) has warned citizens about fraudulent activities related to know your customer (KYC) updation. The central bank said it has been receiving several complaints about people falling prey to frauds that are being perpetrated in the name of KYC updation.