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India Post Payments Bank, abbreviated as IPPB, is a division of India Post that is under the ownership of the Department of Post, a department under the Ministry of Communications of the Government of India. Opened in 2018, as of March 2024, the bank has more than 9 crore customers.
The Customer Identification Program is intended to enable the bank to form a reasonable belief that it knows the true identity of each customer. The CIP must include new account opening procedures that specify the identifying information that will be obtained from each customer.
It is a scheme established and maintained, whereby users are properly, consistently, effectively and efficiently identified before systems are accessed. An identity verification service is often employed to ensure that users or customers provide information that is associated with the identity of a real person.
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Electronic know your customer (eKYC) involves the use of internet or digital means of identity verification. [7] This may involve checking information provided is valid by using systems to validate ID and proof of address documents or by checking information against government databases such as the official passport database of a country. [8]
MIAMI – A new study from the University of Miami shows dozens of luxury, beachfront condos and hotels, all along the southeast coast of Florida, are sinking into the ground at unexpected rates ...