Know Your Client (KYC)
A. IMPORTANT POINTS: Agreement of Residence/Driving License/Flat Maintenance
1. Self attested copy of PAN card is mandatory for all clients. bill/Insurance Copy.
2. Copies of all the documents submitted by the applicant should be 2. Utility bills like Telephone Bill (only land line), Electricity bill or Gas bill
self-attested and accompanied by originals for verification. In case - Not more than 3 months old.
the original of any document is not produced for verification, then 3. Bank Account Statement/Passbook - Not more than 3 months old.
the copies should be properly attested by entities authorized for
attesting the documents, as per the below mentioned list. 4. Self-declaration by High Court and Supreme Court judges, giving the
new address in respect of their own accounts.
3. If any proof of identity or address is in a foreign language, then
translation into English is required. 5. Proof of address issued by any of the following: Bank Managers of
Scheduled Commercial Banks/Scheduled Co-Operative
4. Name & address of the applicant mentioned on the KYC form, should Bank/Multinationa Foreign Banks/Gazetted Officer/Notary
match with the documentary proof submitted.
public/Elected representatives to the Legislative
5. If correspondence & permanent address are different, then proofs for Assembly/Parliament/Documents issued by any Govt. or Statutory
both have to be submitted. Authority.
6. Sole proprietor must make the application in his individual name & 6. Identity card/document with address, issued by any of the following:
capacity. Central/State Government and its Departments,
Statutory/Regulatory Authorities, Public Sector Undertakings,
7. For non-residents and foreign nationals,(allowed to trade subject to Scheduled Commercial Banks, Public Financial Institutions, Colleges RBI and FEMA guidelines), copy of passport/PIOCard/OCICard and affiliated to Universities and Professional Bodies such as ICAI,
overseas address proof is mandatory.
ICWAI, ICSI, Bar Council etc.,to their Members.
8. For foreign entities, CIN is optional; and in the absence of DIN no. for 7. For FII/sub account, Power of Attorney given by FII/sub-account to the directors, their passport copy should be given. the Custodians (which are duly notarized and/or apostiled or
9. In case of Merchant Navy NRI’s, Mariner’s declaration or certified consularised) that gives the registered address should be taken.
copy of CDC (Continuous Discharge Certificate) is to be submitted.
8. The proof of address in the name of the spouse may be accepted.
10.For opening an account with Depository participant or Mutual Fund,
D. Exemptions/clarifications to PAN for a minor, photocopy of the School Leaving Certificate/Mark sheet
(*Sufficient documentary evidence in support of such claims issued by Higher Secondary Board/Passport of Minor/Birth
to be collected.) Certificate must be provided.
1. In case of transactions undertaken on behalf of Central Government 11.Politically Exposed Persons (PEP) are defined as individuals who are
and/or State Government and by officials appointed by Courts e.g.
or have been entrusted with prominent public functions in a foreign
Official liquidator, Court receiver etc.
country, e.g., Heads of States or of Governments, senior
politicians, senior Government/judicial/military officers, senior 2. Investors residing in the state of Sikkim.
executives of state owned corporations, important political party
3. UN entities/multilateral agencies exempt from paying taxes/filing tax officials, etc.
returns in India.
B. Proof of Identity( POI): List of documents admissible as Proof 4. SIP of Mutual Funds upto Rs 50,000/- p.a. of Identity:
1. PAN card with photograph. This is a mandatory requirement for all 5. In case of institutional clients, namely, FIIs, Mfs, VCFs, FVCIs,
applicants except those who are specifically exempt from obtaining Scheduled Commercial Banks, Multilateral and Bilateral
PAN (listed in Section D). Development Financial Institutions, State Industrial Development
Corporations, Insurance Companies registered with IRDA and Public 2. Unique Identification Number (UID) (Aadhaar) / Passport / Voter ID Financial Institution as defined under section 4A of the Companies
card / Driving license.
Act, 1956, Custodians shall verify the PAN card details with the
3. Identity card/ document with applicant’s Photo, issued by any of the original PAN card and provide duly certified copies of such verified
following: Central/State Government and its Departments, PAN details to the intermediary.
Statutory/Regulatory Authorities, Public Sector Undertakings,
E. List of people authorized to attest the documents:
Scheduled Commercial Banks, Public Financial Institutions, Colleges 1. Notary Public, Gazetted Officer, Manager of a Scheduled affiliated to Universities, Professional Bodies such as ICAI, ICWAI,
Commercial/Co-operative Bank or Multinational Foreign Banks ICSI, Bar Council etc., to their Members; and Credit cards/Debit cards
(Name, Designation & Seal should be affixed on the copy). issued by Banks.
2. In case of NRIs, authorized officials of overseas branches of
C. Proof of Address (POA): List of documents admissible as Proof Scheduled Commercial Banks registered in India, Notary Public,
of Address: (*Documents having an expiry date should be
Court Magistrate, Judge, Indian Embassy/Consulate General in the
valid on the date of submission.)
country where the client resides are permitted to attest the
1. Passport/Voters Identity Card/Ration Card/Registered Lease or Sale documents.
A. IMPORTANT POINTS: Agreement of Residence/Driving License/Flat Maintenance
1. Self attested copy of PAN card is mandatory for all clients. bill/Insurance Copy.
2. Copies of all the documents submitted by the applicant should be 2. Utility bills like Telephone Bill (only land line), Electricity bill or Gas bill
self-attested and accompanied by originals for verification. In case - Not more than 3 months old.
the original of any document is not produced for verification, then 3. Bank Account Statement/Passbook - Not more than 3 months old.
the copies should be properly attested by entities authorized for
attesting the documents, as per the below mentioned list. 4. Self-declaration by High Court and Supreme Court judges, giving the
new address in respect of their own accounts.
3. If any proof of identity or address is in a foreign language, then
translation into English is required. 5. Proof of address issued by any of the following: Bank Managers of
Scheduled Commercial Banks/Scheduled Co-Operative
4. Name & address of the applicant mentioned on the KYC form, should Bank/Multinationa Foreign Banks/Gazetted Officer/Notary
match with the documentary proof submitted.
public/Elected representatives to the Legislative
5. If correspondence & permanent address are different, then proofs for Assembly/Parliament/Documents issued by any Govt. or Statutory
both have to be submitted. Authority.
6. Sole proprietor must make the application in his individual name & 6. Identity card/document with address, issued by any of the following:
capacity. Central/State Government and its Departments,
Statutory/Regulatory Authorities, Public Sector Undertakings,
7. For non-residents and foreign nationals,(allowed to trade subject to Scheduled Commercial Banks, Public Financial Institutions, Colleges RBI and FEMA guidelines), copy of passport/PIOCard/OCICard and affiliated to Universities and Professional Bodies such as ICAI,
overseas address proof is mandatory.
ICWAI, ICSI, Bar Council etc.,to their Members.
8. For foreign entities, CIN is optional; and in the absence of DIN no. for 7. For FII/sub account, Power of Attorney given by FII/sub-account to the directors, their passport copy should be given. the Custodians (which are duly notarized and/or apostiled or
9. In case of Merchant Navy NRI’s, Mariner’s declaration or certified consularised) that gives the registered address should be taken.
copy of CDC (Continuous Discharge Certificate) is to be submitted.
8. The proof of address in the name of the spouse may be accepted.
10.For opening an account with Depository participant or Mutual Fund,
D. Exemptions/clarifications to PAN for a minor, photocopy of the School Leaving Certificate/Mark sheet
(*Sufficient documentary evidence in support of such claims issued by Higher Secondary Board/Passport of Minor/Birth
to be collected.) Certificate must be provided.
1. In case of transactions undertaken on behalf of Central Government 11.Politically Exposed Persons (PEP) are defined as individuals who are
and/or State Government and by officials appointed by Courts e.g.
or have been entrusted with prominent public functions in a foreign
Official liquidator, Court receiver etc.
country, e.g., Heads of States or of Governments, senior
politicians, senior Government/judicial/military officers, senior 2. Investors residing in the state of Sikkim.
executives of state owned corporations, important political party
3. UN entities/multilateral agencies exempt from paying taxes/filing tax officials, etc.
returns in India.
B. Proof of Identity( POI): List of documents admissible as Proof 4. SIP of Mutual Funds upto Rs 50,000/- p.a. of Identity:
1. PAN card with photograph. This is a mandatory requirement for all 5. In case of institutional clients, namely, FIIs, Mfs, VCFs, FVCIs,
applicants except those who are specifically exempt from obtaining Scheduled Commercial Banks, Multilateral and Bilateral
PAN (listed in Section D). Development Financial Institutions, State Industrial Development
Corporations, Insurance Companies registered with IRDA and Public 2. Unique Identification Number (UID) (Aadhaar) / Passport / Voter ID Financial Institution as defined under section 4A of the Companies
card / Driving license.
Act, 1956, Custodians shall verify the PAN card details with the
3. Identity card/ document with applicant’s Photo, issued by any of the original PAN card and provide duly certified copies of such verified
following: Central/State Government and its Departments, PAN details to the intermediary.
Statutory/Regulatory Authorities, Public Sector Undertakings,
E. List of people authorized to attest the documents:
Scheduled Commercial Banks, Public Financial Institutions, Colleges 1. Notary Public, Gazetted Officer, Manager of a Scheduled affiliated to Universities, Professional Bodies such as ICAI, ICWAI,
Commercial/Co-operative Bank or Multinational Foreign Banks ICSI, Bar Council etc., to their Members; and Credit cards/Debit cards
(Name, Designation & Seal should be affixed on the copy). issued by Banks.
2. In case of NRIs, authorized officials of overseas branches of
C. Proof of Address (POA): List of documents admissible as Proof Scheduled Commercial Banks registered in India, Notary Public,
of Address: (*Documents having an expiry date should be
Court Magistrate, Judge, Indian Embassy/Consulate General in the
valid on the date of submission.)
country where the client resides are permitted to attest the
1. Passport/Voters Identity Card/Ration Card/Registered Lease or Sale documents.
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