4.5What documents are required for KYC?
1What is it?
KYC (Know Your Customer) is identity and address verification required by law before you can invest.
2Why does it exist?
It prevents fraud, fake accounts and money laundering.
3Diagram
PAN card
Mandatory. Your tax ID.
Aadhaar
Identity and address; OTP for e-KYC and e-sign.
Bank proof
Cancelled cheque or bank statement in your name.
Photo & signature
Captured in app.
Income proof
Only for F&O: ITR, salary slip or bank statement.
4Quick revision
- PAN is mandatory.
- Aadhaar for e-KYC.
- Bank proof, photo, signature; income proof only for F&O.
5Knowledge check
Q1. What does KYC stand for?Show answer
Know Your Customer.
Q2. Name the one document you cannot invest without.Show answer
PAN.
Q3. When do you need income proof?Show answer
To activate F&O (derivatives) trading.