Hello friends and welcome to INFOFRIENDLY. Today we will know about Applications and information for KYC in the bank. What is a KYC? Where is it needed? What are the requirements for KYC? And for this how will we write the application.
So if you are also going to get KYC, then read this post till the end, you will benefit greatly from it.
What is KYC?
The full form of KYC is – Know Your Customer.
That is, to know your customer in easy language. If you want to know about someone, identify him, then we call him KYC.
Identity proof (identity card) is needed in today’s world to identify. Like – Aadhar card, driving license, PAN card, voter card, etc.
Where is KYC needed?
KYC is required in most banks. If you are opening or closing your account in any bank, then you have to do KYC.
In today’s mobile wallet apps like – Paytm, PhonePe, Amazon, it has become necessary to do KYC in this too, so that you are given better security and you can easily transact money through them.
KYC is also required when investing in Mutual Funds.
Apart from this, KYC may be required in many other places in which identification of people is required, such as for Pension.
What are the requirements for KYC?
KYC requires 2 main things. Identity proof, address proof.
Identity Proof
You can get Aadhaar Card, Voter Card, Driving License, PAN Card for an identity card. You can submit any one of these things.
Address Proof
Aadhar card, voter id, ration card, electricity bill, or bank statement (not older than 3 months). You can submit any one of these things.
If you have an Aadhaar card, then it fulfills the need for both identity proof and address proof.
Note: – A Passport size photo is also required. And take the original with you for verification.
Application for KYC in Bank –
To,
The Bank Manager
Bank Name,
Branch, District
Date-DD-MM-YYYY
Subject – KYC in bank account.
Sir,
I humbly request that I (write my name) am an account holder of your bank. I need to invest in SBI Mutual Fund for which I need to do KYC. For which I have submitted the necessary documents with this application.
Therefore, you are requested to make my KYC as soon as possible. We will always be grateful to you for this.
Yours sincerely
Name – (Your name)
A / C no. – (Account number)
Mo – (Your mobile no.)
Date –(DD-MM-YYYY)
(Sign)
You can also get a photo of this application.
Example : – Application for KYC in Bank
To,
The Bank Manager
State Bank of India
Bailey Road, Patna
Date – 30-05-2021
Subject – KYC in bank account.
Sir,
I humbly request that I (write my name) am an account holder of your bank. I need to invest in SBI Mutual Fund for which I need to do KYC. For which I have submitted the necessary documents with this application.
Therefore, you are requested to make my KYC as soon as possible. We will always be grateful to you for this.
Yours sincerely
Name – Suresh Sahu
Account Number – 12345678989
Mo – 9123456789
Date – 30-05-2021
(Suresh Sahu)
Video : – Application for KYC in Bank
Note – If you want to write an application for KYC in any other connection, you can write it in the same format – like I have to restart my closed account for which I need to KYC, I need to discontinue my pension. Have to do, etc. So for which you have to do KYC, then write about it in the first paragraph and let the rest of the application remain the same.
Download the form for KYC.
You can download SBI form for KYC and see what you will be asked and how you have to fill it.
Important things for KYC
The names and addresses you give while doing KYC should match the submitted documents.
If you are not a citizen of India, then for KYC you will have to give Xerox of passport.
If both your permanent address and the present address (correspondence, permanent address) are different, then you will have to provide proof of both.
If Minor wants to do KYC, then for this he can give the school leaving certificate, mark sheet, birth certificate.
So, friends, this was information about KYC. What is KYC, what are the requirements for it, where does it work and how will we write the application for it. I hope that this information will definitely help you.
If you have any questions or suggestions then do let us know by commenting. And do share this post with your friends so that other people can also get help.
Thank you very much for reading this post by giving your important time.
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This was all about applications and information for KYC in the bank.
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