iCrederity

Of all the unique identification documents improvised, a PAN card is assigned to determine and get a hold of the financial attributes of an individual in India. PAN stands for Primary Account Number which includes a 10-digit alphanumeric number and is unique for all. Unlike the other unique identification documents, a PAN card is issued by the Income-Tax Department of India. The primary significance of a PAN card is to put a thorough check on the tax deposits of an individual as it links all the financial transactions made by an entity or an individual. A PAN is not only assigned to an individual but also a sole proprietorship firm or a partnership firm or an enterprise and thereby records all the transactions linked herewith. It is proof of identification for everyone who is a part of any monetary transaction that is happening across the nation. HOW TO SEARCH FOR PAN CARD DETAILS A PAN card search is possible through a number of ways, and all of them are equally effective. It can ...

As hiring managers or human resources professionals, you are likely to be faced with the task of reviewing applications and resumes of people who want to work for your organization or who want to be promoted. Some applicants may list credentials or degrees that appear credible, such as bachelor's, master's, or doctorate degrees, or professional certification. Attached to many resumes are academic documents that warn that some people are buying credentials or degrees from "diploma mills" companies. Most "diploma-making" companies charge a flat fee, require little if any education, and award a degree or diploma based solely on work or life experience. For this reason, the verification of these studies documents carried out for a job vacancy or an internal promotion becomes an activity that requires certain skills and involves a special work methodology. These knowledge skills are validated through verification with institutions accredited by the Ministry o...

PAN card number verification is an essential step in every sphere whether purchasing a car or property, engaging in the stock market or changing your Indian rupees to foreign currency, there is a single important task that you will require for each of these activities. That is the PAN card. The Permanent Account Number (PAN) card, generated by the Income tax Department, is one of the most essential documents in present era. Importance of Pan Card number verification The card was generated in order to save tax evasion by individuals and entities as it connects all financial transactions developed by a specific individual or entity. In this method, the Income Tax Department has a comprehensive record of all primary transactions for tax service. 1. Opening a bank account - A PAN card is needed in order to open a new bank account, for both the a savings or a current account. All banks, whether it is public, private or co-operative, need the submission of a PAN card in case to open an...

KYC documents with the customer’s photograph have been made compulsory only in the recent past where false transactions, false accounts and money false had become trendy. Thus, only to decrease as much cheating possible, these documents have been made compulsory. Know Your Customer (KYC) method is an important function to examine customer risk and a legal need. Effective KYC includes knowing customer’s recognition, their financial activities and the danger they activate. List of documents usually accepted as a Standard Identity Proof: 1. Passport 2. PAN Card 3. Voter’s Identity Card 4. Driving License 5. Photo identity proof. 6. Bank Pass Book with photograph 7. Employee identity card of a marked company There would be many different identity and address proofs which are also accepted by variety of companies, asset management industry and as standard, but the list variety from different industry. Why KYC is popular? Know Your Customer (KYC) is a popular term for...

The HR personnel are often found going through the trauma and turmoil of the hiring process, dealing with fake profiles. The pile of resumes slopping with a major stack of fake details is not only infuriating, but the fact that even a slight wink of the eye can cost the company its reputation and productivity exacerbates the stress. A genuine educational background does always make for a better hire, it’s a plus! But employing someone with fake details means inviting potential risk for the company. Certain resumes have fudged data that include exaggerated work experiences, false employment dates, and most critical of all, phony educational credentials. It comes as a close runner up to hidden criminal history, so it is known how integral it is to verify a candidate’s educational qualifications. What if the HR, for some reason, turns a blind eye towards background screening and hires a candidate with unverified educational credentials? Is it really such a huge deal? As simple as on...

Given the need for a contract, the employer must carry out a selection procedure that allows it to receive as many applicants as possible to choose the one that matches the position's requirements. Making the right choice will depend on knowing the most important steps that make up the recruitment process. Otherwise, a wrong decision can cause loss of time and financial resources for the organization. The procedure's objective is to choose the candidates who present the most appropriate qualities and professional experience for the performance of the organization's position. Regardless of the company's size, having an effective recruitment method is essential for its evolution, as hiring those with the most skills will help its growth and continuous development. An effective selection From the employee screening carried out by different companies, it is possible to identify a series of common steps that contribute to hiring new personnel. Defining the position The defi...

A common misconception many people make about background checks is that they are expensive. It is an understandable mistake to make. After all, background check companies use high-tech research solutions to search for hundreds of different data sets in a very short period. These methods generate detailed and accurate reports for clients through an online dashboard or a dedicated mobile app. The modern reality is that you can perform background checks on just about anyone for a few dollars a month. Cost is no longer a barrier to discovering more about the people in your life.  In this article, you'll learn everything you need to know to choose a good back-end service. In addition to information on how much you are likely to pay, we will give you an overview of the sites that we think offer users the best value for money. What is a criminal background check? A background check company provides an investigative service that is available to anyone. These services use the latest online ...

If you're hiring a new employee, then you probably don't want the same thing to happen to you. Therefore, it is a good idea to use the background check companies' services so that you are sure that you are making the best decision for your business. You are probably wondering how to choose the best background check company and how it can help you in the hiring process. Any companies try to verify students based on an edu email address, but that process is deeply flawed. It is susceptible to fraud and a safe way to lose money. Background check companies can help you verify some facts from the candidate's resume or job application. For example, you can rectify where they studied, their criminal record, their employment history, their Social Security number, their credit reports, etc. You can get the education verification from iCrederity. Once you request a background check service, you can receive it in one to five days, and when it arrives, you will have accurate ...

Since the government mandated the AAD HAR card, the word KYC (Know Your Customer) quickly became one of the most commonly used words. The KYC process has become an important part of acquiring important services these days, such as acquiring gas and LPG lines and purchasing insurance policies. What is KYC? The main purpose of implementing the KYC is to verify the identity of the customer and further investigate the possibility of illegal fraud. Another reason that almost every major company or organization implements the KYC is to ensure that distributors, consultants and agents are not bribed and involved in illegal activities. That is, you guarantee that the information provided is genuine and genuine. What are the benefits of KYC? There are many reactions to the  KYC verification , but there are undeniable advantages. The benefits are: This makes all monetary transactions legal and transparent. He is responsible for fighting all kinds of criminal activity, including money launder...

A credential check is important for scrutinizing the professional licensing of any candidate. It helps in determining and ensuring if it is in good to take it forward or not. In addition to this, it’s very helpful towards evaluating the affiliations as well as the candidate’s membership.  In recent days lots of companies conduct the credential verification process so that they can get complete details about the past work history and other relevant information about the candidates. So, if you have qualified in your interview, you should get prepared for the scanning process of your documents conducted by the company. So, every prospective job candidate needs to understand how these credential verification services are carried on by employers. Process of employee background verification This process includes a thorough checking of the work history of a candidate. Along with work history, college records, checking of certificates, etc are also done. Sometimes the credi...

KYC stands for Know your customer is known to be a depository, which is captured centrally, to store valuable details of the customers. As per the banking regulation, any financial institution or other companies must collect the required data from their clients. These documents are known as KYC documents that help to identify the customers engaged in multiple types of financial transactions with the institution. All financial institutions in India need to make compulsory KYC verification of their customers to restrict money laundering. KYC norms and policy RBI has enacted the KYC norms in the year 2002. Since then, every new bank account opened need to get the KYC documents filed by the customer. The prime focus of implementing this norm is to stop money laundering and prevent terrorist financing. RBI also advised the banks to follow proper steps to make this rule compulsory. To grow the awareness among the mass about this rule, the banks • Issue public notices in the local newsp...

The best candidates in the industry are desired to be hired by any organization, but who is the best is something quite tricky to decide. Organizations before hiring employees, conduct specific tests. These tests cover the checking of commercial, personal and criminal data of a candidate. It is also known as an  employment background check . It is vital both for prospective job seekers and employers to understand the parameters of background checking.  Process of background checking A job seeker makes an application for the vacancy, and the company conducts the background check. Once done, the hiring authority must inform you about this testing in writing. But these days, organizations prefer to get the background checking done by 3rd party firms specialized in the profile. In such a scenario, the company needs to have written authorization from the job applicant to conduct the test. Once you give written authorization then only, they will conduct the test. Such as the...

When a business expands, there is an increase in the need for manpower. You need experts for different profiles to manage the business. All these posts demand relevant educational qualifications. A company needs to check the educational qualification of every applicant before making a selection. It is needed to restrict the hiring of a wrong candidate. If proper  education verification  is not done, then there is a possibility your expansion plan of business may get hampered.   What does it mean by educational verification?   Every job needs a minimum educational qualification. So, it is necessary to check whether the applicant is professionally skilled to handle, the job role or not. Here the hiring authority must need to verify. Institutions attended and degrees awarded to the candidate Whether the candidate holds any specific certification  Whether the candidate has taken any specialized training in that particular field or not....

Employment verification  can be defined as a process in which work history shared by a job applicant is verified. The verification process confirms that the candidate holds the work experience which they claimed and mentioned on their resume. Big companies need a vast workforce, and sometimes it turns difficult to verify the records of the employees they hire in bulk. One of the common examples of such types of firms or organizations is BPO or call centres. These organizations mainly pay more attention to the company development and most of the time the employee background remains unchecked. There may be some candidates who have provided fake documents to get that job. Hence it is necessary to conduct proper employment verification   before hiring an employee. So it is necessary to understand why a company should avail of employment checking services. Verification of resume information In general, the companies believe in the facts and details mentioned ...