Inadvertent, but potentially a VERY harmful use of KYC documents

In ordinary course we keep issuing and submitting our KYC documents (identity and residential proofs.. such as PAN card, electricity bill etc.) to various people, For housing or car or other loans, bank accounts, or even for buying new sim card.

At almost all these places they ask for self-certification on these documents. We immediately sign those documents and hand over.

Just imagine your self-certified copies are likely to freely available in the hands of the persons for illegal usages. These documents can be used by him for EVERYTHING!

It’s really serious and it’s been seen that in most of the terrorist activities, KYC documents are sourced from the SIM card sellers.

Hence, please inculcate a habit of writing the purpose of submitting the self-certified KYC Document(s), to whom the document is handed over and the date so that those documents cannot be used again.


—- Shared for the public benefit.

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