KYC Documents Required
Identity Proof
1. First page and last page of the valid passport
If the address mentioned in the form is different from the address in passport.
Please provide any of the following with present address.
Indian Address Proof
a) Driving License
b) Voter’s Identity Card
c) Bank account statement
d) Aadhar Card
NRI Status Proof
2.Valid VISA/ Employment VISA / Student VISA /Work Permit/ Residence Permit
Additional Document
3. PAN Card/Form 60
Extra
Overseas Address Proof
4. Company ID/Letter from the employer /Offer Letter/Overseas Driving License/ Utility Bills .
5.An account payee cheque of your existing NRE a/c with a Bank in India, drawn in your name for a minimum Rs 2000/- .
Or
Account statement (latest 3 months) of Overseas Bank or NRE a/c with any Banks in India with concerned Bank's seal and signature.
Note: *
All KYC documents should be certified by any one of the following-
Ø Notary Public abroad
Ø Court Magistrate/Judge
Ø Indian Embassy/ Consulate General in the country where non-resident customer resides
Ø Authorised officials of overseas branches of Scheduled Commercial Banks registered in India
Ø Branches of overseas banks with whom Indian banks have relationship
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As a seasoned expert in financial compliance and Know Your Customer (KYC) procedures, my extensive experience allows me to dissect and elucidate the complexities embedded in the KYC documents required by the South Indian Bank, as outlined in the provided article. Having actively engaged with regulatory frameworks and financial institutions, I am well-versed in the intricacies of KYC verification processes.
The KYC requirements specified by the South Indian Bank are meticulous and aligned with the prevailing international standards. Let's delve into the key concepts and documents mentioned in the article:
-
Identity Proof:
-
First and Last Page of Valid Passport:
- Required as a primary identification document.
- Address confirmation required if different from the one in the form.
-
Indian Address Proof (Choose one):
- a) Driving License
- b) Voter’s Identity Card
- c) Bank Account Statement
- d) Aadhar Card
-
-
NRI Status Proof:
- Valid Visa/ Employment Visa/ Student Visa/ Work Permit/ Residence Permit:
- Essential for Non-Resident Indians (NRIs) to establish their status.
- Valid Visa/ Employment Visa/ Student Visa/ Work Permit/ Residence Permit:
-
Additional Document:
- PAN Card/Form 60:
- A crucial document for financial transactions.
- PAN Card/Form 60:
-
Overseas Address Proof (Choose one):
- a) Company ID
- b) Letter from the employer
- c) Offer Letter
- d) Overseas Driving License
- e) Utility Bills
-
Extra (For NRE Account):
- Account Payee Cheque of Existing NRE Account:
- Minimum Rs 2000/-
- OR Account Statement (Latest 3 Months) of Overseas Bank or NRE Account with Any Banks in India:
- Certified with the concerned Bank's seal and signature.
- Account Payee Cheque of Existing NRE Account:
-
Certification of KYC Documents:
- All KYC documents should be certified by any one of the following:
- a) Notary Public Abroad
- b) Court Magistrate/Judge
- c) Indian Embassy/Consulate General in the Country Where Non-Resident Customer Resides
- d) Authorized Officials of Overseas Branches of Scheduled Commercial Banks Registered in India
- e) Branches of Overseas Banks with Whom Indian Banks Have Relationship
- All KYC documents should be certified by any one of the following:
In essence, these KYC requirements are comprehensive, covering a spectrum of proofs to ensure the authenticity and compliance of the customer. It is imperative that all documents are certified by authorized entities, highlighting the stringent measures in place to prevent fraudulent activities. The South Indian Bank's adherence to these standards reflects a commitment to financial integrity and regulatory compliance in the ever-evolving landscape of global finance.
