KYC is a tool that enables banks to know their customers by verifying their identity in order to prevent banks from money laundering, identity theft, financial fraud and terrorist financing so that they can manage their risks prudently. Bank KYC document is a regulatory and legal requirement.
Following KYC documents list are required by banks under KYC of an individual:
- Photo Identity Proof (anyone of following):
- PAN card
- Voter's Identity Card
- Driving license
- Job card issued by NREGA duly signed by an officer of the State Government
- Aadhaar Card
- Correct Permanent Address Proof (anyone of following):
- Property or Municipal Tax receipt (not more than 1 year old)
- Pension or family pension payment orders
- Letter issued by Foreign Embassy or Mission in India certifying/mentioning customer's current residential address.
- Any Identity Document issued by Government department or agency of foreign jurisdiction
- Identity card with applicant's Photograph issued by Public Sector Undertakings, Scheduled Commercial Banks, and Public Financial Institutions.
- Letter issued by a gazetted officer (with a duly attested photograph of the person containing name, current address, permanent address, nationality and DOB of the customer;)
- Utility bill (electricity, telephone, post paid mobile phone, internet, piped gas, water bill)
- Bank account statement or Post Office savings bank account statement (Statement should not be more than two months old & Bank account shall be of any scheduled commercial Bank)
- Letter from employer