KYC Norms
Federal Bank KYC norms
- Identity Proof
- Address proof
- Recent photograph
- Customer profile
Exceptions: Non Resident Individuals, Customers who are residents of the States of Jammu & Kashmir, Assam or Meghalaya are exempt from this requirement of Aadhaar. Existing procedures for KYC will continue to apply to such customers.
- Certificate of incorporation
- Memorandum and Articles of Association
- A resolution from the Board of Directors and power of attorney granted to its managers, officers or employees to transact on its behalf
- An officially valid document in respect of managers, officers or employees holding an attorney to transact on its behalf.
- Financial statements (P/L and Balance Sheet) for past three years
- Registration certificate*
- Partnership deed
- An officially valid document in respect of the person holding an attorney to transact on its behalf.
- Financial statements (P/L and Balance Sheet) for past three years
- Any two documents issued by Government authorities in the name of the proprietary firm, such as
- Registration certificate (in the case of a registered concern)
- Certificate/licence issued by the Municipal authorities under Shop & Establishment Act,
- Sales and income tax returns
- CST/VAT certificate
- Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities
- Licence issued by the Registering authority like Certificate of Practice issued by Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Institute of Company Secretaries of India, Indian Medical Council, Food and Drug Control Authorities, registration/licensing document issued in the name of the proprietary concern by the Central Government or State Government Authority/ Department, etc. Banks may also accept IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT as an identity document for opening of the bank account etc.
- The complete Income Tax return (not just the acknowledgement) in the name of the sole proprietor where the firm's income is reflected, duly authenticated/ acknowledged by the Income Tax Authorities.
- Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern.
- Registration certificate*
- Trust deed
- An officially valid document in respect of the person holding a power of attorney to transact on its behalf.
- Resolution of the managing body of such association or body of individuals
- Power of attorney granted to him to transact on its behalf
- An officially valid document in respect of the person holding an attorney to transact on its behalf
- Such information as may be required by the bank to collectively establish the legal existence of such an association or body of individuals.
Explore Other Savings Products
Do you have PAN Card ?
Resident customers can submit PAN Applications at any branch of Federal Bank.
KYC status of your account
You can check KYC compliance status of your accounts with us online.
Do you have PAN Card ?
Resident customers can submit PAN Applications at any branch of Federal Bank.
KYC status of your account
You can check KYC compliance status of your accounts with us online.
Do you have PAN Card ?
Resident customers can submit PAN Applications at any branch of Federal Bank.
KYC status of your account
You can check KYC compliance status of your accounts with us online.
Do you have PAN Card ?
Resident customers can submit PAN Applications at any branch of Federal Bank.