Bitxoxo is very much concerned about the security and reliability of its customers. So, a group of collective regulations, known as KYC policy is strictly followed here. To ensure the full safety of our customers, we ensure to frame KYC Policy for maximum security to our customers and for the company.
What is KYC policy?
Know your customer (KYC) policy is an important process to prevent identity theft, financial fraud, money laundering and terrorist funding. The objective of KYC is to enable banks and other businesses to know and understand their customers better and help them manage their risks prudently.
The process of KYC entails identifies and verify the name and address of the customer by using government authorized documents or information before opening an account with a bank or any financial business.
Bitxoxo KYC Policy
KYC policy must be followed by every financial institute while dealing with customers. The policies are maintained strictly by the law in Bitxoxo by ensuring safe and efficient transactions. Bitxoxo requires the Pan Card and government recognized address proof of the customer willing to open an account with us with Indian bank details added to it.
If we find any suspicious activity, false document or non-cooperation by the customer while the KYC verification process, Bitxoxo is liable to reject your documents, close account and terminate the transaction with issuing a due notice to the customer explaining the reasons for taking such a decision.
Note: The above files provided by the customers will be saved at the server competently and the company shall now not expose the identical to any third party until we are mandated to do so underneath the provisions of any relevant legal guidelines.