Over time, the Reserve Bank of India has taken several steps to make KYC-related compliance procedures simple. Also, it has incorporated newer technologies to improve customer service. Similarly, KYC details update has become simplifiedand it can be done right from the comfort of your house. Now, if you want to update your KYC details, it can easily be done without facing the rush in the banks.
When should you update KYC?
TheKYC details update procedure is usually a rare case scenario. But there can be various situations when you might be required to change your address, name, contact number etc. It is perceived as a one-time process, but updates can be required depending on the changing scenario, which are as follows.
- In a situation where you have already changed your name on your PAN card, Aadhaar card or passport. In such a situation you will have to update your KYC details by submitting your latest scanned copies of your PAN, Aadhaar or passport.
- Also, there can be other situations, such as shifting into a new home, or shifting house after marriage, or it can also be like shifting from one city to another. In such a scenario, the address needs to be updated in all your ID proofs. Hence, you will also have to submit scanned copies of your Aadhaar, passport etc., to get your KYC details updation procedure completed.
How to update KYC online?
KYC details updateprocedure is quite simple and it can be done without any hassle of physically visiting the kiosk. The update procedure is as follows:
- Simply log in to the online KYC portal using your credentials.
- There you will find an option called “Update KYC” in the settings, click on it.
- Then an interface will open up where you will find a set of preferences to make changes to the KYC.
- Then simply make the changes where it is required by simply uploading the latest scanned copies of required documents.
- Once you have entered the required fields simply proceed with the verification process where you will have to enter a one-time password.
- After entering the OTP, click on the submit button. Now your application forKYC details updatewill be reviewed and you will receive an official notification regarding your KYC verification within a few days
Things to keep in mind about updating KYC
There are a couple of things to keep in mind while updating your KYC. If you are updating your KYC online you will have to keep in mind several aspects. Such as making sure that uploading the scanned copies of your original documents is not tampered with by any means. As your application goes through multiple levels of checks and verifications, this is the last and final layer of verification in a digital KYC process.
And in case if you are updating your KYC details in an offline mode then it is a bit different from the online process. As while filling the details online it will immediately notify in case there is a mismatch in the details given which is not the case with offline form filling. You can do aKYC update physically by visiting a KYC kiosk, bank, or AMC branch along with the scanned copies and originals of required documents.
KYC Details Update Form PDF
A KYC detail update form PDF typically contains sections, like personal details, contact details, proof of identity, address details and declaration with self-certification.
You will also find a field for C-KYC number, where you will have to enter this number, which is mandatory for CKYC update requests. Under the personal details section, you need to enter some basic details of yours, such as name, DOB, nationality, place of birth, monthly income, caste, religion etc.
Under the proof of identity and address, you will have to tick the document you are submitting as identity proof and address proof. And under the address details enter your current and permanent address, state, PIN, city and district.
Under the declaration and self-certification, you will have to read the terms and conditions and accept their terms and conditions. You might also be required to do a signature there and paste a recent passport-size photograph.
To conclude, KYC details can be updated both online and offline mode. It is usually a rare case scenario, but there can be situations where you might need to update your address, name, phone number and others. You can complete yourKYC details updateprocess by simply sitting from the comfort of your home, and by following the above-discussed guide.
Other KYC Articles:
1. e-KYC Aadhaar - How To Check Aadhaar e-KYC Online And Offline?
2. What is KYC and How to do KYC Verification?
