KYC stands for "Know Your Customer." It is a process used by businesses to verify and authenticate the identities of their customers or clients. The purpose of KYC is to prevent identity theft, fraud, money laundering, and other illicit activities.

During the KYC process, customers are required to provide certain documents and information to prove their identity and address. These documents typically include government-issued identification, such as a Aadhaar, passport or driver's license, as well as proof of address.

By implementing KYC procedures, businesses can ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, as well as protect themselves from reputational and legal risks associated with facilitating illicit activities.

The KYC process varies depending on the jurisdiction and the nature of the business. Some businesses may perform KYC checks manually, while others may utilize automated systems and technologies to streamline the process.