KYC Forms

"KNOW YOUR CUSTOMER (KYC) FORMALITIES" AS PER RBI GUIDELINES"
1. For Individuals:-
Documents accepted as proof of identity Documents accepted as proof of residence
1 Passport 1 Credit Card Statement
2 Voter ID Card 2 Salary Slip
3 PAN Card 3 Income/Wealth tax assessment
4 Government/Defence ID Card 4 Electricity Bill
5 ID cards of reputed employers 5 Telephone Bill
6 Driving License 6 Bank account statement
7 Pension Payment Orders (Govt/PSUs) 7 Letter from reputed employer
8 Photo ID cards issued by Post Office 8 Ration Card
9 Photo identity cards issued to bonafide students of universities/institutes approved by UGC/AICTE 9 Letter from any recognized public authority
    10 Pension Payment Orders (Govt/PSUs)
    11 Voter ID Cards
    12 Copies of Registered Leave and License agreement/sale deed/lease agreement
  (ANY ONE OUT OF ABOVE)   (ANY ONE OUT OF ABOVE)
 
2. For Companies:-
Accounts of Companies
1 Name of the company 1 Certificate of incorporation and Memorandum & Articles of Association
2 Principal places of business 2 Resolution of the Board of Directors to open an account and identification of those who have authority to operate the account
3 Mailing address of the company 3 Power of Attorney granted to its managers, officers or employees to transact business on its behalf
4 Telephone/Fax Number 4 Copy of PAN allotment letter
    5 Copy of the telephone bill
 
 
3. For Partnership Firms:-
Accounts of Partnership Firms
1 Legal Name 1 Registration certificate, if registered
2 Address 2 Partnership deed
3 Names of all partners and their addresses 3 Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf
4 Telephone numbers of the firm and partners 4 Any officially valid document identifying the partners and the persons holding the Power of Attorney and their addresses
    5 Telephone bill in the name of firm/partners
 
 
4. For Trusts & Foundations:-
Accounts of trusts & foundations
1 Names of trustees, settlers, beneficiaries and signatories 1 Certificate of registration, if registered
2 Name and addresses of the founder, the managers/directors and the beneficiaries 2 Power of Attorney granted to transact business on its behalf
3 Telephone/fax numbers 3 Any officially valid document to identify the trustees, settlers, beneficiaries and their addresses
    4 Resolution of the managing body of the foundation/association
    5 Telephone bill directors
 
 
5. Accounts of Proprietary Concerns:-

In the case of proprietary concerns, at the time of opening of the account, the banks have to verify, in addition to the identity of the individual proprietors, the identity of the proprietary concern also. Accordingly, the banks may call for and verify the following documents:

1.Identity as also the address proof of the proprietor, such as passport, PAN card, Voter ID card, Driving license, Ration card with photo, etc. - any of these documents is to be obtained.

2.Proof of the name, address and activity of the concern, like registration certificate (in the case of a registered concern), certificate/license issued by the Municipal authorities under Shop and Establishment Act. Sales and income tax Returns, CST/VAT certificate, License issued by the Registering authority like Certificate of Practice issued by Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Institute of Company Secretaries of India, Indian Medical council, Food and Drug Control Authorities, etc.- any two of the documents are to be obtained. These documents should be in the name of the proprietary concern. Apart from these documents, any certificate/ registration document issued by Sales Tax/Service Tax/ Service Tax/ Professional Tax authorities may also be considered for verification of the proof of name, address and activity of the proprietary concern.
Closure of accounts:-
The Bank will not able to get appropriate KYC measures due to non-furnishing of information and/or non co-operation by the customer, the Bank will consider closing the such accounts.
To Observe KYC formalities the Board has passed resolution in the meeting held on 29.06.2011
KYC Compliance :-

RBI has issued a circular regarding to observe KYC formalities in all deposit accounts. Therefore, our Bank has started the campaign in all accounts till the KYC formalities are completed.

In this connection, our Bank has also issued notice individually to all the depositors about this requirement and also through local media on 10.03.2011 to create awareness among the account holders for their early compliance.

Our Bank has issued letters to our account holders to observe KYC formalities out of which many letters received back which are and kept on record and for want of their informations, the Bank has decided not to allow operations in such accounts, or terminating the Banking Business/Relationship.

Many account holders have received letters and failed to furnish the required information in scheduled time and cheque issued by them have been returned unpaid under the reason "KYC formalities not observed" with the signature of the General Manager, of our Bank, which is ratified by this Board.

Further, it is resolved that non furnishing of information and/or non-coperation by the customer, the General Manager is empowered to consider closing the such account or terminating the Banking business after issuing due notice to the customer explaining the reasons for taking such a decision.

It is further resolved that "No Account" should be opened without applying appropriate KYC measures henceforth.