KYC Documents for Current Account Operators
List of KYC documents required for the operators of a Current Account powered by RazorpayX in partnership with IDFC First Bank for residents, NRIs and foreign nationals.
Below are the list of KYC documents required to be submitted by the operators/beneficial owners/partners/directors/proprietors of a business entity to open a current account with RazorpayX in partnership with IDFC First Bank. You can find the list of acceptable documents for
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All documents are to be submitted in original hard copies to the Relationship Manager assigned to you.
The following are the documents required for Indian Residents.
- Resident Customer Information Form (CIF).
- ID Proof (this can be any of the below).
- PAN
- Aadhaar
- Passport
- Driving Licence
- Voter's ID
- Letter issued by National Population Register containing details of name and address.
Watch Out!
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Signature declaration: Required if the signature on the signature proof document does not match the signature on the ID proof.
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Dual name declaration: Required if the name on the signature proof does not match the name on the ID proof. A slight mismatch is allowed for South Indian names.
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Vernacular declaration: If signature is in any language other than English, it needs to be attested by atleast two bank officials.
- Address Proof (this has to be one of the Officially Valid Document from below):
- Passport
- Driving Licence
- Voters’ ID card
- Aadhaar card
- Job Card (issued by NREGA and signed by a State Government official).
The following are the documents required for Non-resident Indians.
- Non-resident Indian Customer Information Form (NRI CIF).
- Investment Services Account (ISA).
- Valid Passport (mandatory).
- Visa for the country of residence.
- PAN (optional).
- Person of Indian Origin (PIO) or Overseas Citizenship of India (OCI) Card (mandatory).
- Job card issued by NREGA duly signed by an officer of the state government.
The following are the documents required for non-Indians residing in India.
- Customer Information Form (CIF)
- Overseas Citizen of India/Person of Indian Origin Customer Information Form.
- Investment Services Account(ISA) form.
- Valid Passport.
- Indian Visa.
- PAN or Form 60 and Form 49A.
- Foreign Registration Regional Office (FRRO) certificate or a certificate from Foreigners Registration Officer (FRO) which includes the purpose of stay, duration and type of visa.
You can find the detailed list of documents required in the name of the business entity in the links below, based on the constitution of the entity.
Below are the additional documents required in case of
- Escrow Board Resolution ( to download the format )
- Escrow Agreement (finalised and signed)
- Trustee Board Resolution
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