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Borrowers are getting fake employment certificates for Rs 20,000: Report on loan KYC fraud

A report has been released by IDfy on KYC risks in lending. The report has talked about how borrowers try to fraud the lenders by providing fake employment, income tax certificates, tampering in Voter ID, Aadhaar and other officially valid documents. The report further suggests how fraudsters use loopholes in KYC process to defraud banks. ....

Employee Provident Fund Organisation , Kyc Fraud , Loan Kyc Fraud , Employment Certificates , Photo Id , Voter Id ,