Know Your Customer (KYC) is a verification process introduced by RBI and controlled by banks to prevent financial fraud from taking place for customers/businesses. By providing us KYC details, it helps establish the identity of your business and onboard you as a user, while mitigating any risk at the same time.

We need your KYC documents to verify your business and bank accounts to prevent fraud and to mitigate risk.

KYC updates help to:

1. Identify, locate, and authorise the customer
2. Comply with RBI’s Prevention of Money Laundering Act
3. Fulfil the bank’s internal risk management
4. Monitor transactions for regulatory and tax purposes

What documents are required to submit KYC?

• PAN card

  • Your (individual) or business (organization) PAN card.

  • Sample:

    

• Proof of bank account

  • Front page of Recent Bank Statement

  • Front page of Bank Passbook

  • Front page of Chequebook

  • Sample:

    

For proof of bank account, the uploaded document must clearly display the following information:

• Account holder name.
• Account number.
• IFSC code.
• Address.