KYC Documents Individuals - Personal Banking (2024)

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KYC Documents Individuals - Personal Banking (9)

KYC Documents Individuals - Personal Banking (10)

KYC Documents
Individuals
  • KYC Documents Individuals

KYC Documents Individuals

Individuals (Documents acceptable as proof of identity/address)

  • Passport
  • Voter's Identity Card
  • Driving Licence
  • Aadhaar Letter/Card
  • NREGA Card
  • Letter issued by the National Population Register containing details of name and address.

Any one document towards proof of identity and proof of address (either permanent or current )

Minors

If minor is less than 10 years of age, ID proof of the person who will operate the account to be submitted.

In cases where minor can operate the account independently, KYC procedure for identification/address verification as in the case of any other individuals would apply.

NRIs

Passport and Residence Visa Copies, duly attested by

  • Foreign offices
  • Notary Public
  • Indian Embassy
  • officers of correspondent banks whose signatures are verifiable through an authorized(A/B category Forex handling branch) branch of the Bank

Small Accounts

(small account' means a savings account in a banking company where

  • the aggregate of all credits in a financial year does not exceed rupees one lakh;
  • the aggregate of all withdrawals and transfers in a month does not exceed rupees ten thousand; and
  • the balance at any point of time does not exceed rupees fifty thousand)

Submission of self-attested photograph and affixation of signature or thump impression before the officer of the Bank who is authorized to approve opening of accounts who will certify under his signature that the person opening the account has affixed his signature or thumb impression, as the case may be, in his presence.

(small account shall remain operational initially for a period of twelve months, and thereafter for a further period of twelve months if the holder of such an account provides evidence before the Bank of having applied for any of the officially valid documents within twelve months of the opening of the said account, with the entire relaxation provisions to be reviewed in respect of the said account after twenty four months)

A small account can also be opened with any one of the following documents which are deemed as ‘Officially Valid Documents'

  • identity card with applicant's photograph issued by Central/State Government Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, and Public Financial Institutions;
  • letter issued by a gazetted officer, with a duly attested photograph of the person

Details of Annexures for KYC Updation

Annexure A-Self Declaration form for KYC updation-No change in KYC information

Annexure B-KYC Updation form for Individual

Annexure C-Self Declaration form for KYC updation-Change in address

KYC Udation through YONO (BILINGUAL)

KYC Updation through ATM (BILINGUAL)

KYC updation through INB (BILINGUAL)


Last Updated On : Tuesday, 08-08-2023

KYC Documents Individuals - Personal Banking (11)

Interest Rates

8.50%* p.a. onwards

w.e.f. 05.04.2024

View All

Start From

11.15% p.a.*

*T&C Apply.

View All

2.70% p.a.

less than Rs.10 Cr. w.e.f 15.10.22

3.00% p.a.

Rs.10 Cr. and above w.e.f 15.10.22

View All

Starts From 8.75%*

SBI Gold Loan

*T & C Apply

View All

2.70% p.a.

Balance below Rs. 10 crs

3.00% p.a.

Balance Rs. 10 crores and above

View All

8.15% p.a.*

*T&C Apply.

View All

7.00%

2 years to less than 3year

6.50%

5 years and up to 10years

View All

SEE PRODUCTS APPLY NOW

Onwards

7% p.a.*

*T&C Apply.

View All

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KYC Documents Individuals - Personal Banking (2024)

FAQs

KYC Documents Individuals - Personal Banking? ›

KYC documents include an Aadhaar, Voter ID, passport, etc., which acts as proof of identity, and an Aadhaar card, Voter ID, utility bills, etc., that can act as an address proof along with a PAN card and a recent photo.

What are the documents required for KYC for an individual? ›

KYC documents include an Aadhaar, Voter ID, passport, etc., which acts as proof of identity, and an Aadhaar card, Voter ID, utility bills, etc., that can act as an address proof along with a PAN card and a recent photo.

What are the KYC requirements for individuals? ›

For individual customers, this information includes, as a minimum requirement, their full name as well as either their residential address or date of birth.

How to fill KYC form for individuals? ›

1. Name: The name should match the name as mentioned in the Proof of Identity submitted failing which the application is liable to be rejected. 2. One of the following is mandatory: Mother's name, Spouse's name, Father's name.

Why is my bank asking for KYC? ›

KYC requirements for banks in particular mandate that KYC protocols are followed for every customer who wants to open or has opened a bank account. These requirements verify the identity of customers to ensure that they are who they say they are.

What are the minimum KYC requirements? ›

At the minimum, firms must pull four pieces of identifying information about a client, including name, date of birth, address, and identification number. Most firms take additional steps in their screening process.

What are the requirements for KYC verification? ›

KYC process includes ID card verification, face verification, document verification such as utility bills as proof of address, and biometric verification.

What is a KYC checklist? ›

Know Your Customer (KYC) compliance is a set of procedures and protocols implemented by businesses and financial institutions to verify and authenticate the identity of their clients. The objective is to prevent illicit activities such as money laundering, fraud, and financing illegal activity.

What are the KYC regulations for banking? ›

Know Your Customer (KYC) guidelines and regulations in financial services require professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer.

What is mandatory for KYC? ›

These six documents are Passport, Driving Licence, Voters' Identity Card, PAN Card, Aadhaar Card issued by UIDAI and NREGA Card. You need to submit any one of these documents as proof of identity. If these documents also contain your address details, then it would be accepted as 'proof of address'.

How do I know my KYC is done in my bank account? ›

You may consider visiting the website of your bank. You may find the link 'Check KYC status'. You then enter the bank account number and the CAPTCHA to check the KYC status of your bank account. You may also log in to your internet banking account and check the bank account KYC status.

Which of these is not a valid KYC document? ›

The document which is not acceptable for fulfillment of KYC Norms is Income Certificate. What is an Income Certificate? A document issued by the government which states the per annual income of a person from all the sources is known as income certificate.

What happens if you don't do KYC? ›

If an individual does not comply with KYC updation rules, then he/she stands at risk of restriction on transactions and even temporary suspension of their banking account. Simply put, their bank account will be unusable for carrying out certain financial or non-financial transactions.

How do banks verify KYC documents? ›

It involves offline or online verification by submitting necessary documents. Offline KYC requires visiting the bank branch while online verification can be done through the website or mobile app. Necessary documents include proof of identity and address like Aadhaar, PAN, utility bills, and a recent photograph.

Why is KYC being rejected? ›

1. The quality of uploaded documents may be blurred, cropped or you have masked your identity information. 2. Uploaded irrelevant photos of identity documents or proof of address.

What are the five stages of KYC? ›

The five stages of KYC – customer identification, customer due diligence, risk assessment, ongoing monitoring, and reporting suspicious activities – are essential to ensure compliance with regulatory requirements.

What are the data required for KYC? ›

Financial institutions start the KYC process by asking customers to provide a range of basic information about their business operations and individuals. It includes the names of the company's directors, business addresses, national insurance or social security numbers, company numbers, and so on.

Which of the following is not a KYC document officially valid documents with regard to individuals? ›

The document which is not acceptable for fulfillment of KYC Norms is Income Certificate. What is an Income Certificate? A document issued by the government which states the per annual income of a person from all the sources is known as income certificate.

What are the new rules for KYC? ›

New rules:

- Investors can obtain "KYC-registered" status by completing KYC with other Officially Valid Documents (OVDs) such as Aadhaar, passport, driving licence, or voter ID card. - To obtain "KYC-validated" status, however, PAN and Aadhaar still need to be linked.

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