Call: +91 944 851 6023
info@shivacooperativebankltd.com
ಕನ್ನಡ
KYC Guidelines (As per RBI Directions)

In compliance with the Reserve Bank of India (RBI) guidelines, all customers of the Bank are required to adhere to Know Your Customer (KYC) norms. KYC is mandatory for opening accounts and for continuing banking relationships.

Objective
Prevention
Prevent misuse of the banking system
Identification
Establish the identity and address of customers
Compliance
Ensure compliance with regulatory and statutory requirements
Protection
Safeguard the Bank against fraud and money laundering
The objective of KYC guidelines is to
Applicability
These guidelines are applicable to
All new customers at the time of account opening
Existing customers, as and when KYC updation is required
Officially Valid Documents (OVDs)
Proof of Identity (any one)
  • Aadhar Card
  • Pan Card
  • Passport
  • Voter's Identity Card
  • Driving Licence
Proof of Address (any one)
  • Aadhar Card
  • Passport
  • Voter's Identity Card
  • Driving Licence
  • Latest Utility Bill (Electricity / Water / Telephone), not older than prescribed period
KYC Updation
Customers are required to
Periodically update KYC details as per RBI norms

Inform the Bank of any change in address, contact details, or identity information

Non-Compliance
  • Accounts without valid KYC compliance may be subject to restrictions
  • Continued non-compliance may lead to suspension of banking operations, as per RBI directions
General
  • The Bank reserves the right to seek additional documents or information, wherever required, in accordance with RBI guidelines.