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Government amends PMLA rules, makes banking easier for citizens

Thursday, November 14, 2019, 11:09 AM

Getting through banks KYC formalities will now be easier with the government amending the Prevention of Money-laundering Rules, 2005. The finance ministry's move makes it easier for individuals who are living in an address different from permanent address. People who submitted Aadhaar card with a permanent address as KYC at banks can now submit another address of local residence by providing a simple self-declaration.

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