𝗪𝗛𝗔𝗧 𝗔𝗥𝗘 𝗞𝗬𝗖 𝗗𝗢𝗖𝗨𝗠𝗘𝗡𝗧𝗦 𝗔𝗡𝗗 𝗪𝗛𝗬 𝗜𝗦 𝗜𝗧 𝗥𝗘𝗤𝗨𝗜𝗥𝗘𝗗 𝗧𝗢 𝗕𝗘 𝗦𝗨𝗕𝗠𝗜𝗧𝗧𝗘𝗗

KYC means “Know Your Customer”. KYC is a set of documents which are required to establish the identity of a person. Generally an Identity Proof with photograph and an Address Proof are the two basic mandatory KYC documents that are required to establish one’s identity at the time of opening of a bank or any Crypto account, fixed deposit, mutual fund, insurance, etc.. Financial institutions may also require you to furnish Income Proof before opening a trading account. “KYC full form is Know Your Customer”

𝗞𝗬𝗖 𝗗𝗢𝗖𝗨𝗠𝗘𝗡𝗧 𝗟𝗜𝗦𝗧 𝗣𝗛𝗢𝗧𝗢 𝗜𝗗𝗘𝗡𝗧𝗜𝗧𝗬 𝗣𝗥𝗢𝗢𝗙, 𝗔𝗗𝗗𝗥𝗘𝗦𝗦 𝗣𝗥𝗢𝗢𝗙

Nowadays, your Aadhaar Card should be enough for both Identity Proof and Address Proof, but you may still find institutions insisting and a separate ID Proof and Address Proof along with your Aadhaar Card.

𝗪𝗛𝗬 𝗔𝗥𝗘 𝗞𝗬𝗖 𝗗𝗢𝗖𝗨𝗠𝗘𝗡𝗧𝗦 𝗥𝗘𝗤𝗨𝗜𝗥𝗘𝗗

KYC documents along with the customer’s photograph have been made mandatory only in the recent past where fraudulent transactions, fraud accounts and money laundering had become prevalent.
Thus the banks, other financial institutions, telecom companies and some government departments require these documents to establish the correct identity of a person before proceeding with any transaction. The income proof is needed to ensure that the source or money is clean.



Identity Proof - Document LIst

• Aadhaar Card
• Passport
• PAN Card
• Driving License
• Photo identity proof of Central or State government
• Ration card with photograph
• Letter from a recognized public authority or public servant
• Bank Pass Book bearing photograph
• Employee identity card of a listed company or public sector company
• Identity card of University or board of education like ISC, CBSE, etc.

Address Proof - Document List

• Passport
• Voter’s Identity Card
• Electricity Bill, Telephone bill including mobile, landline, wireless, etc type of connections, not more than 6 months old
• Bank Account Statement
• Consumer Gas connection card or Gas Bill
• Credit Card Statement
• House Purchase deed
• Lease agreement along with last 3 months rent receipt
• Employee identity card of a listed company or public sector company

Income Proof - Document List

• Income Tax Returns
• Salary Slips
• Bank Statement

There would be other identity and address proofs that are also accepted by different banks, financial institutions, telecom companies and government departments. The list mentioned above is some of the most common and easily available documents