https://www.taxtmi.com/article/detailed?id=10025 The article identifies inconsistent application of the same capacity and in the same right rule and operational bottlenecks-duplicative KYC demands, cancelled cheque requirements, and compressed timelines-for lodging DICGC claims through insured banks. It proposes standardized documentation, reliance on CKYC/KRA references in place of paper KYC, use of joint account authorizations permitting payment to the first named depositor, special helpdesks for processing, and safer payout options (account payee cheques and receipt acknowledgements) to expedite claims while mitigating electronic payment risks. en-us Tue, 28 Sep 2021 18:57:39 +0530 Tue, 28 Sep 2021 18:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10025 The article identifies inconsistent application of the same capacity and in the same right rule and operational bottlenecks-duplicative KYC demands, cancelled cheque requirements, and compressed timelines-for lodging DICGC claims through insured banks. It proposes standardized documentation, reliance on CKYC/KRA references in place of paper KYC, use of joint account authorizations permitting payment to the first named depositor, special helpdesks for processing, and safer payout options (account payee cheques and receipt acknowledgements) to expedite claims while mitigating electronic payment risks. Articles Other Topics Tue, 28 Sep 2021 18:57:39 +0530 https://www.taxtmi.com/article/detailed?id=10025