KYC REQUIREMENTS – CATEGORY WISE
A. INDIVIDUAL CUSTOMERS
"PAN alone shall not be accepted as a valid KYC document. Customers are required to submit an Officially Valid Document (OVD) for completion of KYC.”
- PAN or FORM 60 ( Mandatory )
- Any one from below
- Passport
- Driving License
- Aadhar card/Proof of possession of Aadhar Number
- Voter's Identity card issued by the Election commission Of India
- Job card issued by NREGA duly signed by an officer of the state government
- Letter issued by the National Population Register containing details of Name and Address
- Utility Bill which is not more than Two months old of any service provider
- Electricity bill
- Land line telephone bill along with Land line Number
- Post-paid Mobile bill along with Mobile Number
- Piped gas bill
- Water bill
- Property Bill or latest Municipal tax paid receipt
B. NON-INDIVIDUAL CUSTOMERS
1. Proprietorship Firm
- Proprietor’s KYC (as Individual)
- GST Certificate / Shop Act License
- Business Proof
2. Partnership Firm
- Partnership Deed
- PAN of Firm
- Registration Certificate (if registered)
- KYC of all Partners
- Authorization Letter
3. Company (Private/Public Ltd.)
- Certificate of Incorporation
- Memorandum & Articles of Association
- PAN of Company
- Board Resolution
- KYC of Directors & Authorized Signatories
4. Trust
- Trust Deed
- Registration Certificate
- Darpan Regisration Certificate
- PAN of Trust
- KYC of Trustees
5. Society / Association / Club
- Registration Certificate
- PAN
- Bye-laws
- KYC of Office Bearers
6. HUF (Hindu Undivided Family)
- PAN of HUF
- Declaration from Karta
- KYC of Karta
C. HIGH-RISK CUSTOMERS
Applicable to:
- Politically Exposed Persons (PEPs)
- NGOs / Charitable Trusts
- High-value accounts
✔ Additional Requirements:
- Source of Funds
- Senior Management Approval
- Enhanced Monitoring
PERIODIC KYC UPDATION
| Risk Category | Frequency |
|---|---|
| Low Risk | 10 Years |
| Medium Risk | 8 Years |
| High Risk | 2 Years |
TRANSACTION MONITORING
The Bank monitors accounts to:
- Detect suspicious transactions
- Prevent fraud and money laundering
- Ensure regulatory compliance
REPORTING TO AUTHORITIES
Suspicious transactions are reported to:
- FIU-IND (Financial Intelligence Unit – India)
CUSTOMER RIGHTS
Customers have the right to:
- Know KYC requirements
- Update their KYC details
- Receive fair treatment
- Lodge complaints
CONSEQUENCES OF NON-KYC
- Account may be frozen/restricted
- Debit transactions blocked
- Account may become dormant
HOW TO UPDATE KYC
- Visit nearest branch
- Submit required documents
- Fill KYC updation form
CONTACT DETAILS
Email: info@knsbl.bank.in (update if required)
Phone: 9512020272
Visit: Nearest Branch
⚠️ CUSTOMER AWARENESS
- Do NOT share OTP/PIN/CVV
- Bank never asks confidential information
- Report fraud immediately
IMPORTANT NOTE
KYC guidelines are subject to change as per directions issued by the Reserve Bank of India from time to time.