KYC documents
Know Your Customer (KYC) checks confirm who you are before an account is opened. Individuals prove identity and address; organisations prove legal status, address, signatories and owners.
Why KYC is needed
KYC verifies the identity of each account holder. It follows the principles behind India’s anti-money-laundering rules, so the Registry cannot be misused, and helps the Registry understand who it is dealing with. An account is approved only after a successful KYC review.
- Individuals provide proof of identity, proof of address and a recent photograph.
- Organisations provide documents that verify their legal status, operating address, authorised signatories and beneficial owners.
Individuals
Any of the following as proof of identity or address:
- Passport
- Voter’s Identity Card
- Driving Licence
- Aadhaar letter or card
- PAN card
Non-resident Indians provide copies of their passport and residence visa, attested by a foreign office, a notary public or the Indian Embassy.
Organisations
| Type | Documents |
|---|---|
| Proprietary concern | Proof of the name, address and activity of the concern; ID and address proof of the proprietor; registration certificate; GST certificate and PAN card; certificate or registration document from the Sales Tax, Service Tax or Professional Tax authorities; utility bills in the concern’s name. |
| Partnership firm | Registration certificate; partnership deed; an officially valid document for the person holding a power of attorney to act for the firm; GST certificate and PAN card. LLPs also provide the LLP agreement and certificate of incorporation. |
| Company | Certificate of incorporation; certificate of commencement of business (public limited companies); memorandum and articles of association; board resolution and power of attorney for the managers, officers or employees who act for it; latest list of directors; GST certificate and PAN card; Udyam registration for MSMEs. |
| Trust or foundation | Certificate of registration; trust deed; an officially valid document for the person holding a power of attorney; GST certificate and PAN card. |
| Unincorporated association or body of individuals | Resolution of the managing body; power of attorney granted to the person who acts for it; an officially valid document for that person. |
Sources
- Terms and Conditions v1.0, section 6
- CR-I knowledge base article “Know Your Customer (KYC)”, 2021
