Master Circular on Know Your Customer’ Guidelines

RBI/2011-12/25; DNBS (PD) CC No.231/03.10.42/2011-12; July 1, 2011

All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs),  and Residuary Non-Banking Companies (RNBCs)

Master Circular ‘Know Your Customer’ (KYC) Guidelines Anti Money Laundering Standards (AML) -‘Prevention of Money Laundering Act, 2002  – Obligations of NBFCs in terms of Rules notified thereunder™

As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues Master Circulars on various topics. In accordance with the approach, a master circular on the captioned subject, updated up to 30th June 2011 is being issued. It may be noted that the Master Circular consolidates and updates all the instructions contained in the notifications  listed in the Appendix, in so far they relate to the subject. The Master Circular has also been placed on the RBI web-site (http://www.rbi.org.in). A copy of the Master Circular is enclosed.

Yours sincerely,

(Uma Subramaniam)
Chief General Manager -in-Charge

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