The correct answer is D. All of the above.
KYC stands for Know Your Customer. It is a process that financial institutions use to verify the identity of their customers. KYC documents are used to prove the identity of the customer and to ensure that they are who they say they are.
The most common KYC documents are:
- Photo ID: This can be a driver’s license, passport, or other government-issued ID.
- Address proof: This can be a utility bill, bank statement, or other document that shows your current address.
- Proof of identity: This can be a birth certificate, social security card, or other document that proves your identity.
Financial institutions may also require additional KYC documents, such as proof of income or employment. The specific documents required will vary depending on the institution and the type of account you are opening.
KYC is important because it helps to prevent fraud and money laundering. By verifying the identity of their customers, financial institutions can help to ensure that their money is not being used for illegal purposes.
If you are opening a new account with a financial institution, you will be asked to provide KYC documents. Be sure to have these documents ready when you apply for the account.