New Delhi- The Government of India has recently taken an important decision, in which the KYC (know your customer) flexibility for mobile numbers and business calls has been removed and made mandatory. This step has been taken with the aim of transparency, security and prevention of illegal activities in the telecom sector. Let us know the details of this new policy and its impact.
New guidelines
According to the government, the KYC process will now be mandatory for all mobile numbers, be it prepaid or postpaid. Earlier, there was KYC flexibility for prepaid users, where they could get a SIM card even without full KYC, but now this option has been removed. Under the new guidelines, users will have to complete KYC with proof of their identity and address. This process can be completed offline (at telecom stores) or online (through the websites or apps of telecom companies).
Why was this decision taken?
This decision of the government has been taken with the aim of increasing security and transparency. The end of KYC flexibility will curb illegal activities like Terror Funding, Money Laundering, and fraud. Apart from this, it will be ensured that all mobile numbers are linked to registered users, which will make it easier to access Emergency Services and Government Schemes.
Impact of the new rules
The biggest impact of the new policy will be on prepaid users, who will no longer be able to get a SIM card without KYC. This process is slightly less convenient, but in the long run it will increase security and trust. Postpaid users, who have already completed KYC, will be less affected. However, they will also have to update their KYC periodically.
How to do KYC?
To complete the KYC process, users will have to submit the following documents:
– Identity proof (like Aadhar card, PAN card, Voter ID)
– Address proof (like utility bill, ration card, passport)
– Passport size photograph These documents can be submitted at telecom stores or submitted online through the websites and apps of telecom companies. Some companies are now also asking for biometric verification, which will further enhance security.
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