Glossary
/KYC Full Form
The full form of KYC is Know Your Customer.
Annoying but necessary. You can't even open a demat account or buy a mutual fund without finishing this ID check. SEBI made it a strict rule to stop fraud and black money from entering the stock market. It just proves you are actually who you say you are. You do it once online using your Aadhaar and PAN, and then you never have to think about it again.