Europe Wsj
  • Automotive
  • Business
    • Advertising
    • Marketing
    • News
  • Education
  • Finance
  • Health
  • Home
  • Real Estate
  • Shopping
  • Tech
    • Software
    • Web Service
  • Travel
Close
Europe Wsj
Close
  • Automotive
  • Business
    • Advertising
    • Marketing
    • News
  • Education
  • Finance
  • Health
  • Home
  • Real Estate
  • Shopping
  • Tech
    • Software
    • Web Service
  • Travel
4 Acceptable KYC Documents For Non-Resident Indians
Share:
Business September 23, 2022 Tia Arlo

4 Acceptable KYC Documents For Non-Resident Indians

What do we need to know about KYC?

KYC is the abbreviation for ‘Know Your Customer and it is an authentication process through which the personal information of an existing customer or potential client is verified before a company or organization (mainly financial organizations) can provide services to them.

Right now, the banking and financial industry has widely implemented the KYC process to verify their customer’s identities and other industries such as telecommunications, eCommerce, etc. are following suit. To know about KYC, read more.

List of mandatory KYC documents required for NRI

  1. PAN / PAN Acknowledgment / Form 60 (In the case of not having a PAN card)
  2. Passport size photograph (latest)
  3. OVD or Official Valid Documents (Self-attested)
  4. In case the NRI’s occupation is Merchant Navy, they will have to submit a mariner’s declaration certificate or Continuous Discharge Certificate copy.

All of the above-mentioned documents need to be verified and attested by a magistrate, judge, notary public, or the Indian embassy of the country where the NRI lives.

What is OVD?

OVD is the acronym for Officially Valid Documents and it is the base for the KYC process. These documents are mainly provided by the government or its representatives. As an NRI you must produce the OVD documents if you want to get your KYC approved. To give you a clearer idea of what OVD is, we can consider the Aadhaar card which is of utmost importance to Indian citizens.

As an NRI you will be required to produce two types of OVDs. The first type is your proof of identity and the second type includes your proof of address.

The KYC documents related to your proof of your identity must include the following details:

  • Your full name
  • Your date of birth
  • Your national identity
  • Document number
  • Your residential address
  • A clear image of your identity
  • The issue and expiry date of the document

Generally accepted KYC documents for NRI proof of identity

  • Universally accepted identity cards issued by the government of the NRIs residing country
  • Voter Identity card
  • Passport
  • Tax Identification card
  • Driving license

General KYC documents accepted as proof of address for NRI

For Indian citizens, Aadhar is enough to work as the OVD of any individual but for Non-Residential Indians, they will be required to provide proof of address as part of their KYC documents. Some of the documents that can work as proof of residence for the NRI may include:

  • Tax bills are issued by the respective tax authorities of the NRI’s country. (Landowner receipt, property tax bills, etc.)
  • Bank statement (attested by the bank authority)
  • Telephone bill, electricity bill, water bill, gas bill, etc.
  • A letter from the currently employed company mentioning the current residential address of the NRI will also work as proof of residential address

In case your OVD including both your proof of address and identity documents is in an outlandish language then the documents need to be translated into the English language before you submit your KYC documents. In case the NRI also has a PoA or power of attorney holder then both the NRI and PoA will have to submit their documents for KYC.

To conclude

As a Non Residential Indian or Person of Indian Origin, you will not be able to invest or subscribe to any financial services without going through a proper KYC process, and for that, you will need to know about the list of KYC documents.

Moreover, you can also complete the KYC process digitally to save time. You will need to have a digital copy of the KYC documents to complete the same. With online KYC financial service providers will take the least amount of time to authenticate or verify your identity and measure your financial risk status before offering you their services.

Previous post Perks of Cloud Computing
Perks of Cloud Computing
Next post Here’s How to Figure Out Your Blood Type At Home
Here’s How to Figure Out Your Blood Type At Home

Related Posts

The Benefits of Buying an Established Business
Share:
Business

The Benefits of Buying an Established Business

April 6, 2019 Tia Arlo
The fantasy of business possession is fit as a fiddle nowadays, particularly in Colorado. Starting at 2015, the state is home to about 600,000...
Customized boxes
Share:
Business

Customized boxes

November 14, 2019 Tia Arlo
If you are looking for a protuberant company who can help you with your needs of custom boxes, well, do not worry because we are here to serve...

Recent Posts

  • How to Download Your EPF Passbook
    January 19, 2023
    How to Download Your EPF Passbook
    Finance
  • Different Ways To Help Ensure You Have A Safe Office For Your New Business
    January 17, 2023
    Different Ways To Help Ensure You Have A Safe Office For Your New Business
    Business

Recent Posts

  • How to Download Your EPF Passbook
  • Different Ways To Help Ensure You Have A Safe Office For Your New Business
  • How to beat the odds at online casinos?
  • The best strategy to Pick the Best Web based Toto Objections for Most prominent Prosperity
  • What Games Can You Play at a Bitcoin Casino?
  • Tips For Selecting the Best Discount Web Service Provider
    September 11, 2019
    Tips For Selecting the Best Discount Web Service Provider
    Web Service
  • The Pros and Cons of Becoming a Vet Tech
    August 11, 2019
    The Pros and Cons of Becoming a Vet Tech
    Tech
  • In Order To Get Your Business To The Top – You Need SEO.
    January 28, 2021
    In Order To Get Your Business To The Top – You Need SEO.
    Tech
  • Consider Mobile Application Security
    February 15, 2019
    Consider Mobile Application Security
    Tech

Categories

  • Advertising
  • Automotive
  • Business
  • Education
  • Entertainment
  • Finance
  • Gambling
  • Health
  • Home
  • Marketing
  • News
  • Real Estate
  • Shopping
  • Software
  • Tech
  • Travel
  • Web Service

Archives

  • January 2023
  • December 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019

Categories

  • 4 Acceptable KYC Documents For Non-Resident Indians
    advertising
    5 Posts
  • 4 Acceptable KYC Documents For Non-Resident Indians
    automotive
    3 Posts
  • 4 Acceptable KYC Documents For Non-Resident Indians
    business
    35 Posts
  • education
    2 Posts
Close
Do not miss
Instructions to Boost Your Business With the Right Kind of Digital Marketing
Instructions to Boost Your Business With the Right Kind of Digital Marketing
June 29, 2019
Private venture Marketing Strategies
Private venture Marketing Strategies
June 24, 2019
Direct Marketing Automation – Your Most Reliable Marketing Strategist
Direct Marketing Automation – Your Most Reliable Marketing Strategist
June 24, 2019
Web Marketing Tips – Best Internet Marketing Tools
Web Marketing Tips – Best Internet Marketing Tools
June 20, 2019
Web Marketing and Its Evolution
Web Marketing and Its Evolution
June 20, 2019
Understanding Effectiveness of Inbound Marketing
Understanding Effectiveness of Inbound Marketing
June 12, 2019
Techniques of Digital Marketing and Content Marketing
Techniques of Digital Marketing and Content Marketing
June 5, 2019
Content Marketing and the Importance of a Content Marketing Strategy
Content Marketing and the Importance of a Content Marketing Strategy
March 11, 2019
Copyright © 2021 Europe Wsj