KYC is the identity check a platform does before it pays you: usually your PAN, your name and a bank account in your name.
KYC protects you and the platform: payouts go only to the verified person, and TDS is deposited against the right PAN (permanent account number). On CareerByteCode your email is your identity, and KYC is done once for all your earnings.
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Related terms
PAN (permanent account number)
PAN is the 10-character permanent account number issued by the Income Tax Department. It links your income, tax deducted...
Payout
A payout is the transfer of your earned share from the platform to your bank account, after the sale is confirmed and ta...
TDS (tax deducted at source)
TDS, or tax deducted at source, is income tax that the payer deducts from a payment and deposits with the government aga...