NFPE

Sunday, 18 March 2012

Documents for KYC

KYC Stands for 'Know Your Customer', KYC introduced to customer identification procedure for opening of accounts and monitoring transactions of a suspicious nature for the purpose of reporting it to appropriate authority.

Customer Identification Procedure
Features to be verified and documents that may be obtained from customers

Features
Documents
Accounts of individuals
Legal name and any other names used
Correct permanent address
(i) Passport (ii) PAN card (iii) Voter’s Identity Card (iv) Driving licence
(v) Identity card (subject to the bank’s satisfaction) (vi) Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of bank
(i) Telephone bill (ii) Bank account statement (iii) Letter from any recognized public authority
(iv) Electricity bill (v) Ration card
(vi) Letter from employer (subject to satisfaction of the bank)
( any one document which provides customer information to the satisfaction of the bank will suffice )
Accounts of companies
Name of the company
Principal place of business
Mailing address of the company
Telephone/Fax Number
(i) Certificate of incorporation and Memorandum & Articles of Association (ii) Resolution of the Board of Directors to open an account and identification of those who have authority to operate the account (iii) Power of Attorney granted to its managers, officers or employees to transact business on its behalf (iv) Copy of PAN allotment letter (v) Copy of the telephone bill
Accounts of partnership firms
Legal name
Address
Names of all partners and their addresses
Telephone numbers of the firm and partners
(i) Registration certificate, if registered (ii) Partnership deed (iii) Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf (iv) Any officially valid document identifying the partners and the persons holding the Power of Attorney and their addresses (v) Telephone bill in the name of firm/partners
Accounts of trusts & foundations
Names of trustees, settlers, beneficiaries and signatories
Names and addresses of the founder, the managers/directors and the beneficiaries
Telephone/fax numbers
(i) Certificate of registration, if registered (ii) Power of Attorney granted to transact business on its behalf (iii) Any officially valid document to identify the trustees, settlors, beneficiaries and those holding Power of Attorney, founders/managers/ directors and their addresses (iv) Resolution of the managing body of the foundation/association (v) Telephone bill




Courtesy : satirur.blogspot.in

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