Download the Bank of India KYC Form with KYC details PDF for free- Know Your Client (KYC) form Bank of India
Welcome to our new post. This post will provide you with a PDF of the Bank of India KYC Form. You can find the KYC Form of the Bank of India, which you can also download in PDF format at the end of this post.
Bank of India KYC
KYC stands for Know Your Customer. It is a mandatory procedure in India that helps banks, insurance companies, and other financial institutions verify prospective customers’ addresses and identities before conducting transactions. It includes verifying the customer’s identity, address, occupation, residential status, financial status, and other personal details.
The KYC process helps financial entities verify that investments/ transactions are being made in a real person’s name. This helps cut down unlawful practices like money laundering, fraud or financing illegal activities. KYC compliance is required to open bank accounts, Demat and trading accounts, start fixed deposits or invest in mutual funds. It is even needed if you want to apply for a home or a personal loan.
Documents Required for KYC
Documents needed to complete a KYC procedure include a recent photograph, documents to prove NRI/PIO status, PAN card copy, Aadhaar card copy, and Indian and overseas address proof.
For proof of NRI/PIO status, you can submit:
- Copy of passport
- Copy of visa or work/residence permit
- PIO or OCI card (for Foreign passport holders)
Proof of Indian address can be established via
- Driver’s Licence
- Election Card
Proof of overseas address can be established via
- Bank statement of India or overseas bank (not more than three months old from the date of application)
- Permanent overseas driving license
- Utility bills like electricity, gas, and water (not more than three months old)
Download Bank of India KYC Form PDF
You can download the Bank of India KYC Form PDF from the download button given below.
We hope you find this helpful content and are able to download the PDF for the Bank of India KYC Form.