KYC Documents Requirement

KYC Documents Requirement
[As per RBI Master Circular DBOD.AML.BC.No.22/14.01.001/20145-15 dt. July 1, 2014
and Amendment to PMLA (Maintenance of Records) Rule 2013]


A. Account of Individuals (Proof of identity and/or address)


  • Valid Passport

  • Voter's Identity Card

  • Valid Driving Licence

  • Aadhaar Letter/Card

  • NREGA Card

  • PAN Card


    i)Simplified measures for “Small Account”


  • 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 applicant.


    A “Small Account” is one 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


    A “Small Account” can be opened only by providing:-
    Self-attested photograph and affixation of signature or thumb impression before the officer of the Bank.

    ii) Accounts of Minor customers

  • 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 documents as in the case of any other individuals would apply.


    iii) Accounts of NRI customers

  • Valid Passport and Residence proof of abroad 

B. Account of Proprietary Concern

Along with Proof of identity & address of the Proprietor (refer A above), any two KYC documents for the Proprietary concern are required:-

  • Registration certificate (in the case of a registered concern).

  • Certificate/licence issued by the Municipal authorities under Shop & Establishment Act.

    Sales and Income Tax Returns

  • CST/VAT certificate

  • Certificate / Registration document issued by Sales Tax / Service Tax / Professional Tax authorities.

  • Licence 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, registration /licensing document issued in the name of the proprietary concern by the Central Government or State Government Authority/ Department.

  • Banks may also accept IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT as an identity document for opening of the bank account.

  • The complete Income Tax return (not just the acknowledgement) in the name of the sole proprietor where the firm's income is reflected duly authenticated/ acknowledged by the Income Tax Authorities.

  • Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern.
C. Accounts of partnership firms
  • Registration certificate

  • Partnership deed

  • An officially valid document in respect of the person holding a Power of Attorney to transact on its behalf.
 With regard to Partners/Beneficial Owners whose ownership is more than 15% should submit Proof of Identity / Address as in case of ”A” above.

D. Accounts of companies

  • Certificate of incorporation
  • Memorandum & Articles of Association

  • A resolution from the Board of Directors and power of attorney granted to its managers, officers or employees to transact on its behalf; and

  • An officially valid document in respect of managers, officers or employees holding an attorney to transact on its behalf
With regard to Directors/Beneficial Owners whose ownership is more than 25% should submit Proof of Identity / Address as in case of”A” above.

E. Accounts of trusts & foundations

  • Certificate of registration

    Trust Deed

  • An officially valid document in respect of the person holding a Power of Attorney to transact on its behalf
 With regard to Trustees, Executors, Administrators whose ownership is more than 15% should submit Proof of Identity / Address as in case of ”A” above.

F.Accounts of Unincorporated Association or Body of Individuals

  • Resolution of the managing body of such association or body of individuals
  • Power of attorney granted to him to transact on its behalf

  • An officially valid document in respect of the person holding an attorney to transact on its behalf

  • Any information as may be required by the Bank to collectively establish the legal existence of such an Association or Body of Individuals
With regard to Trustees, Executors, Administrators whose ownership is more than 15% should submit Proof of Identity / Address as in case of ”A” above.

G.Hindu Undivided Family (HUF)

  • Declaration from the Karta.
  • Proof of Identification of Karta.

  • Prescribed Joint Hindu Family Letter signed by all the adult coparceners

  • Identity of the adult coparceners
Note : The Documents narrated above for different type of accounts are subjected to revision from time to time as per the directives of Bank / RBI / other Regulators.