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What is the purpose of uploading a selfie during the Demat account opening process with torus?

Uploading a selfie during the demat account opening process with any brokerage firm serves several important purposes:

Identity Verification: Uploading a selfie helps verify the identity of the individual opening the demat account . It ensures that the person physically matches the details provided in the submitted documents.

Prevention of Identity Theft and Fraud: This step acts as a deterrent against identity theft and fraudulent account openings. By verifying the person's physical presence, it reduces the risk of unauthorized account access and misuse of personal information.

Regulatory Compliance: Regulatory authorities often require stringent identity verification measures to comply with legal standards and prevent financial crimes such as money laundering.

Last updated: 3 Months Ago

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