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| Home > Identity of clients > Individuals |
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| Individuals |
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| Documents needed for verification: |
- One certified copy of an officially valid document containing details of his/her permanent address or addresses, current address or addresses; and
- One copy of his/her recent photograph; and
- Such other documents including in respect of the nature of business and financial status of the client as may be required by the banking company or the financial institution or the intermediary.
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Officially valid document means the passport, the driving licence, the Permanent Account Number (PAN) Card, the Voter's Identity Card issued by the Election Commission of India or any other document as may be required by the banking company, or financial institution or intermediary.
Relevant provision of Rule 9 of the Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Rules, 2005 is reproduced as under: |
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"9. Verification of the records of the identity of clients.
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(2) Where the client is an individual , he shall for the purpose of sub-rule (1) submit to the banking company or the financial institution or the intermediary, as the case may be, one certified copy of an officially valid document containing details of his permanent address or addresses, current address or addresses, and one copy of his recent photograph and such other documents including in respect of the nature of business and financial status of the client as may be required by the banking company or the financial institution or the intermediary, as the case may be." |
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