Please share the format.
Click here to view / answer Share it onHow many of you have faced this problem of Investors sending FDI money without a 6-pointer KYC?
I have had several cases where in spite of telling the investors to key in 6 pointer KYC in SWIFT, their banks miss it.
In my view, 6 Pointer KYC does not serve any purpose except it creates more confusion as it is a non-standard request. Out of the 6 questions, 3 are already answered in different fields.
What is the view of the members?