kyc application letter for bank

Application Letter For KYC Update In Bank Account – Samples

Table of Contents

1. Request letter to bank for KYC update.

To, The Bank Manager Bank Name Branch Name  Name of city/vill

Date : day/month/year

Subject : Letter requesting KYC update to bank.

Respected sir/madam,

This is to bring into your kind attention that I am an account holder of your esteemed bank, __( branch name ).I want you to kindly update my KYC in my bank account. I have attested duly filled KYC application form and other essential documents for the above mentioned process.  My bank account details: [Name ] [Account number] [IFSC code] [Registered mobile number] [Email id] [Atm card number]

I request you to kindly act on this matter at the earliest possible.I shall be always grateful to you for this act of your kindness.

Thanking you

Yours sincerely [Signature] [Address with pin code] 

2. Application for KYC in bank in English.

To, The Bank Manager [Bank name] [Branch name] [Name of city/vill]

Subject : Application for KYC update.

I am Nidhi Iyer, an account holder in your esteemed bank. My account number is __( account number ). I am writing this letter for the KYC updation in my bank account.. I have attached all the necessary documents with this application.

I urge you to kindly consider this matter as of urgency and do the needful. I shall be grateful to you for this act of your kindness.

Bank account details: [Name] [Account number] [IFSC code] [Registered mobile number] [Email ID] [ATM card number]

Yours sincerely  [Signature] [Address with pin code]

3. KYC letter format for bank

To, The Bank Manager [Bank Name] [Branch Name] [Name of city.vill]

Subject : KYC update letter.

With cordial regards, I wish to gently inform you that I am an account holder in your esteemed bank. I want to request you to kindly update the KYC in my bank account. All the mandatory documents along with the duly filled KYC application is attached with this letter.

My bank account details are cited below: [Name] [Account number] [IFSC code] [Registered mobile number] [Email id ]

Your prompt cooperation in this regard will be highly appreciated.

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4. How to write application for KYC in bank

To,  The Bank Manager [Bank Name] [Branch Name] [Name of city/vill]

The sole intention of this letter is to let you know that I have maintained an account in your esteemed bank for a few years. I wish to request you to kindly update the KYC in my account.

My bank account details are: [Name ] [Account number] [IFSC code] [Registered mobile number]

I therefore request you to kindly grant my application and do the needful. Your cooperation and support will be highly appreciated and applauded.

Yours sincerely  [Signature] [Address with pincode]

5. Application letter for KYC update in SBI Bank.

To, The Bank Manager State Bank of India [Branch Name] [Name of city/vill]

Date :dd/mm/yyyy

Subject : Application requesting KYC update.

Respected sir/madam, 

I am writing this letter to request you to kindly update the KYC in my bank account. My name is Adarsh Shukla and my account number is __( your account number ). My IFSC code is __( IFSC code ).

I have attested all important documents with this application.

I request you to treat this as a matter of urgency and act in this regard at the earliest. I shall be forever grateful to you for this act of your kindness.

Yours faithfully [Signature] [ATM card number] [Address with pincode] [Registered mobile number] [Other contact details]

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About the author.

Golam Md is the founder of Applicationloop.in, a blog that is exclusively dedicated to providing helpful tips, Samples and advice on writing effective application letters.

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Application for KYC Update in Bank – 7+ Samples, Formatting Tips, and FAQs

Are you tired of delayed transactions and account restrictions due to outdated KYC? Upholding KYC norms is mandatory and crucial to ensure a secure financial ecosystem. Banks require customers to keep their KYC up-to-date to avoid any suspicious activities and potential frauds. So, if you haven’t updated your KYC in a while, it’s time to act quickly.

In this article, we’ll guide you through the KYC update process in Indian banks, and share with you sample forms for different banks. We’ll also explain why KYC updation is important and the benefits it provides. Whether you’re an individual or a business account holder, this guide is for you. Furthermore, we’ll provide answers to common questions and give you tips to avoid making common mistakes that can cause delays in the KYC update process.

By the end of this article, you’ll have a clear understanding of how to comply with KYC regulations and complete your KYC update with ease. So, let’s get started!

• 1 Sample Request Letter to Bank for KYC Update
• 2 Application for KYC in bank in English Example
• 3 KYC letter format for bank sample
• 4 How to write application for KYC in bank
• 5 Sample Application letter for KYC update in SBI Bank
• 6 Application for KYC Update in Bank in Hindi
• 7 What is KYC Update in Bank
• 8.1 Components of a Proper Application
• 8.2 Structuring the Application
• 9.1 How do I update my KYC details in my bank account?
• 9.2 What documents do I need to update my KYC in my bank account?
• 9.3 How long does it take for my KYC update to reflect in my bank account?

Sample Request Letter to Bank for KYC Update

To, The Branch Manager, [Bank Name], [Branch Address], [City], [Pincode]

Subject: Request for KYC update

Respected Sir/Madam,

I am [Your Name], account holder of [Bank Name] with account number [Your Account Number]. I am writing this letter to request you to update my KYC details in your records.

The reason for this request is that my address has changed recently, and I want to ensure that my current address is updated in my bank account records so that I can receive important account-related information on time.

I have attached all the necessary documents, such as my updated address proof (copy of the latest electricity bill), PAN card, and Aadhaar card for verification. I kindly request you to initiate the KYC update process at the earliest possible time.

Thank you for your attention to this matter.

Sincerely, [Your Name]

Application for KYC in bank in English Example

To, The Branch Manager, [Name of the Bank], [Branch Address], [City/Town/Village], [State], [Pin Code]

Subject: Application for KYC

Dear Sir/Madam,

I am writing this letter to request for completing my KYC process in your esteemed bank. As per the recent RBI guidelines, it is mandatory for all account holders to complete their KYC process to keep their accounts active.

I hereby request you to kindly arrange for the KYC process at the earliest. I have attached all the necessary documents along with this letter for your perusal.

I hope you will take necessary steps to complete the KYC procedure as soon as possible and keep my account active. Thanking you in anticipation.

Yours sincerely,

[Your name] [Account number] [Contact number]

KYC letter format for bank sample

Subject: KYC Letter for Bank Account Verification

To, The Branch Manager, [Bank Name] [Bank Address]

I am writing this letter to complete the KYC (Know Your Customer) process for my [Account Type] account at your esteemed branch, [Branch Name]. As per the regulations, it is mandatory to update my KYC record periodically for my bank account.

I am enclosing the required documents necessary for KYC verification, including my Aadhaar card, PAN card, and address proof. Please find all the relevant details in the enclosed documents. If any further information is needed, please let me know.

I request you to kindly initiate the verification process as soon as possible to avoid any inconvenience in maintaining my bank account. I assure you that all the information provided is genuine and accurate to the best of my knowledge.

Thank you for your understanding and cooperation in this matter. I look forward to hearing from you soon.

Yours sincerely, [Your Name] [Your Account Number]

How to write application for KYC in bank

To, The concerned authority, [Bank Name], [Branch Address], [City], [State], [Pin Code]

Subject: Application for KYC Verification

I would like to request you to kindly verify my Know Your Customer (KYC) documents for my [Bank Account Type]. I am attaching all the required documents, including my PAN card, Aadhaar card, and other necessary details.

The reason for this application is that the previous KYC verification done for my account has expired, and I need to renew it to continue using my account without any issues.

I would be grateful if you could process my application at the earliest convenience, as any delay can lead to inconvenience for me.

Thank you for your time and consideration.

Yours faithfully,

[Your Name]

Sample Application letter for KYC update in SBI Bank

To The Branch Manager State Bank of India [Branch Address]

I am [Your Name], a savings account holder at your esteemed branch. I am writing this letter to request a KYC update for my account. The reason for the same is that my residential address has changed recently, and it is necessary to update the same in my account for smooth transactions.

I have attached all mandatory documents required for KYC update along with this letter. I request you to kindly process my application as soon as possible, so that I can continue to use my account without any hindrance.

I would like to express my gratitude for your continued support and assistance with my banking needs. If you require any additional information or documents, please feel free to contact me at [Your Contact Number/Email Address].

Thanking you.

Application for KYC Update in Bank in Hindi

प्रतिनिधि के पते श्रीमान / श्रीमती __ (बैंक का नाम), (शाखा का नाम), (शहर),

विषय: अपने बैंक खाते के KYC अपडेट के लिए आवेदन

मैं आपका धनकुबेर __ (खाता संख्या) का धन्यवाद करते हुए, अपने खाते के KYC अपडेट के लिए आवेदन करता हूँ। मेरे पास अपना PAN कार्ड है, जो मेरे नाम से अपडेट होगा। मैं निम्नलिखित दस्तावेजों के साथ अपेक्षित अपडेट के लिए आवेदन करता हूँ:

• वर्तमान पता सबूत के रूप में: ______________
• वर्तमान मोबाइल नंबर: _________________
• वर्तमान ईमेल आईडी: ____________________
• PAN कार्ड की स्कैन की हुई कॉपी: __________

बहुत धन्यवाद,

सही रुप से, (आपकी नाम) (आपका खाता संख्या)

What is KYC Update in Bank

KYC stands for “Know Your Customer,” which is a process that banks use to verify the identity and address of their customers. KYC updates involve verifying and updating customer information to ensure that their personal and financial details on record are accurate and up-to-date.

Banks are legally required to perform KYC checks on all their customers to prevent financial fraud, money laundering, and other illegal activities. The KYC process typically involves collecting personal information from customers such as their full name, date of birth, address, and proof of identification such as a passport or driver’s license.

KYC updates are essential for banks to keep their customer information current and to comply with government regulations. Banks periodically ask their customers to provide updated information, such as their current address and contact details. Banks may also ask for additional documentation, such as updated ID cards or proof of income.

In summary, a KYC update is a process where a bank checks and updates the personal and financial information of their customers to ensure compliance with government regulations and prevent financial crimes.

Application for KYC Update in Bank Format

Updating your KYC is a crucial task that requires attention to detail in every step. One of the important components of a successful KYC update is the application itself. In this article, we discuss the components that make up a proper application for KYC update in banks and how to structure the application.

Components of a Proper Application

A standard KYC update application has several components that must be completed to ensure a successful update. These components include:

• Personal Information: Personal details such as name, address, date of birth, contact number, email ID, etc.
• Identification Documents: Documents confirming your identity such as Aadhaar Card, PAN Card, Driving License, Passport, and Voter ID. Note that providing multiple ID proofs is mandatory to update KYC.
• Address Verification: Documents that indicate your address such as electricity bills, gas bills, telephone bills, rent agreement, etc.
• Photograph: Recent colored passport size photograph.

Structuring the Application

A well-structured application has the necessary components arranged in a logical order. Here’s a suggested structure for your KYC update application:

• Personal Information: Start with personal details, including the full name, address, date of birth, contact number, and email ID.
• Identification Documents: Provide the relevant identification document numbers followed by their corresponding details such as the issuing authority, issue date, and expiry date.
• Address Verification: Include the necessary address proof documents such as electricity, gas or telephone bills, and rent agreement.
• Photograph: Attach a recent colored passport size photograph.

It’s essential to review and verify that all the information provided is accurate before submitting the KYC update application to the bank.

In conclusion, following these components and structure can help ensure a smooth KYC update in banks. Avoid common mistakes such as submitting incorrect data or incomplete information as these can cause delays and affect the update process. Remember, updated KYC helps keep your account secure and also reduces the likelihood of delayed transactions.

How do I update my KYC details in my bank account?

Fill out a KYC update form with your correct details, attach the relevant documents and submit them to your bank branch.

What documents do I need to update my KYC in my bank account?

You may need identity proof, address proof and recent photographs, among other documents specified by your bank.

How long does it take for my KYC update to reflect in my bank account?

It can take up to a few days or weeks depending on the bank’s processing time and the accuracy of your submitted documents.

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18+ KYC Update Letter to Bank – Samples, Email Format, Tips

• Sample Letters
• February 20, 2024
• Request Letters , Bank Letters

KYC Update Letter to Bank Format : On this page, we are discussing the Bank urge old customers to resubmission of KYC Documents. Based on the bank rules and regulations KYC Updation is mandatory for everyone. So, here was the following format about the What is KYC in Banking?   Such kind of relative information was covered. So, go through the complete information about the KYC Update Letter to Bank. 

KYC Update Letter to Bank – Template 

Content in this article

Also Read: 10+ Reconsideration Letter – Samples, Tips, Email Format

What is KYC Update Letter to Bank?

KYC means “Know Your Customer” is a full form by which you have obtained the information about the address and identification proof of the customers. The KYC procedure is to be completed by the banks while opening accounts and also periodically update the same. 

What does KYC Update Letter to Bank contain?

KYC Update Letter to Bank contains the information related to the bank name, customer id, and the other related information that was also covered. 

KYC Update Letter to Bank Example

Here’s an example of KYC Update Letter to Bank:

Bank Manager _______________________________

Bank Name _____________________________

Address __________________________

Subject: KYC Update Letter to Bank

Name _________________________

Address ________________________

Respected ______________________,

My name is _________________________. And, I hold an SBI account in your bank from _____________ years. I am hereby writing this letter to inform you about my KYC update. And, I am here with attaching all required documents along with the letter as a proof. 

So, kindly acknowledge the receipt and confirmation of the update of records. 

Thanking You.

Yours Faithfully,

Name _____________________

Signature ______________________

KYC Update Letter to Bank Sample Format

This sample format of KYC update letter to bank requests the update of personal details and includes necessary documents for compliance, emphasizing the importance of keeping KYC information current.

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date]

[Bank Name] [Bank Branch Address] [City, State, ZIP Code]

Subject: Request for KYC Update

Dear Sir/Madam,

I am writing to request the update of my Know Your Customer (KYC) details in accordance with the requirements of the bank. Kindly find my current details and the necessary supporting documents enclosed with this letter.

Account Details:

Account Holder’s Name: [Your Full Name] Account Number: [Your Account Number] Updated Information: [Provide the updated information for each relevant field such as address, contact number, email address, etc.]

Enclosed Documents:

Proof of Address (e.g., utility bill, rental agreement) Proof of Identity (e.g., Aadhar card, passport) Any other required documents I understand the importance of keeping my KYC details updated and compliant with regulatory standards. Your prompt attention to this matter is highly appreciated.

If there are any additional forms or procedures required, kindly inform me, and I will complete them at the earliest convenience.

Thank you for your cooperation.

[Your Full Name] [Your Signature – if sending a hard copy]

KYC Update Letter to Bank Sample Format 

Write A Letter To Bank For Updating KYC Sample #1

This is the format of the letter to the bank for updating the KYC requesting. Along, with this, the bank holder wants to update the KYC in their particular bank. 

Subject: Write a letter to bank for updating KYC

My name is _____________________. I am receiving the services of your bank from _______________________. This letter would like to notify your good company of a delayed payment of my personal debt. 

I would like to update my KYC for my account. My customer ID is ____________________. I request you to kindly update my KYC in my bank account. 

Along, with the letter, I am providing the required documents. So, please find the CKYC form, photo, and all other required documents attached herewith.

Name ___________________

Signature ____________________

SBI KYC Update Application Letter Sample #2

Below is the information about the SBI KYC update application letter. Along with the letter, I am also attaching the required information as well. 

Subject: SBI KYC update application letter

I am hereby writing this letter to inform you about my KYC update. My name is ____________________. And, my account number is ___________________. I am a SBI bank holder from the __________ years. 

As per the requirements, I have submitted all the requirements of the letter. I request you to kindly update KYC in my bank account. please find the CKYC form, KYC Document, photos, and the remaining documents are also attached herewith.

Name ________________________

Signature ________________________

KYC Request Email Sample #3

Below is the sample format of the KYC request email process. So, those who are trying to get the email format information so they can go through. 

I am hereby writing this letter to inform you about the KYC update. My Customer ID is ________________. I request you to kindly update KYC in my bank account. And, along with this, the requirements were also mentioned in some of the formats as well. 

So, please find my CKYC form, KYC Documents, photo, and all the required documents were also available here with the attachment. If you want any other required information, you can contact me at _____________________. 

Signature ___________________________

Also See: 10+ LIC Policy Transfer To Another Branch Letter Format – Templates

KYC Request Email Sample #3

How Do I Write A Request Email To HR To Update My KYC In PF? Sample #4

Below is the email format to HR about the update of your KYC. So, follow this format for the updation. 

Bank Manager ___________________________

Subject: How do I write a request email to HR to update my KYC in PF?

From, 

This is about my KYC documents in the portal. Sir, this is a simple email requesting the approval of your KYC. I am uploading my required documents as well along with this email. 

If you want information about the documents you can contact me at ______________________.

Thanking You. 

Bank customer KYC compliance letter

This KYC compliance letter to the bank requests the update of personal details, includes necessary documents, and expresses commitment to maintaining compliance for the customer’s account.

Subject: KYC Compliance Letter

Dear [Bank Name] Compliance Officer,

I am writing to ensure that my Know Your Customer (KYC) details are in compliance with the regulations of [Bank Name]. Please find the necessary documents and updated information enclosed herewith:

Proof of Address (e.g., utility bill, rental agreement) Proof of Identity (e.g., Aadhar card, passport) Any other required documents I understand the importance of maintaining KYC compliance, and I am committed to providing any additional information or documents as needed. Kindly review the enclosed details and inform me if any further documentation or steps are required to ensure compliance.

Thank you for your prompt attention to this matter, and I appreciate your cooperation in keeping my account information up to date.

Bank Customer KYC Compliance Letter

KYC documentation letter for bank account update

KYC documentation letter requesting a bank account update, including necessary details and enclosed documents for the customer’s KYC compliance.

[Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date]

[Bank Name] [Branch Address] [City, State, Zip Code]

Subject: Request for KYC Documentation Update

Dear [Bank Manager’s Name],

I hope this letter finds you well. I am writing to request an update to my KYC documentation for my bank account with [Bank Name]. I understand the importance of maintaining accurate customer information, and I am committed to ensuring that my records are up-to-date.

Please find enclosed the necessary documents to facilitate the KYC update process:

Proof of Identity:

[List of identity documents provided, e.g., Aadhar card, Passport] Proof of Address:

[List of address documents provided, e.g., Utility bill, Rental agreement] Passport-sized Photographs:

[Number of photographs provided] Additional Documents:

[Any other documents required by the bank] I kindly request you to process the update at your earliest convenience. If there are any further forms or procedures I need to complete, please let me know, and I will promptly provide the required information.

I appreciate your cooperation in ensuring that my account information is accurate and complies with the KYC norms. If there are any fees associated with this update, please inform me in advance.

Thank you for your attention to this matter. I look forward to your prompt action, and please feel free to contact me if any additional information is needed.

[Your Full Name] [Your Account Number] [Your Signature – if sending a physical letter]

KYC Documentation Letter for Bank Account Update

Email format for KYC Update Letter to Bank

Here’s an Email format for KYC Update Letter to Bank:

I hope this email finds you well. I am writing to request an update to my KYC documentation for my bank account with [Bank Name]. I understand the importance of maintaining accurate customer information, and I am committed to ensuring that my records are up-to-date.

Please find attached the necessary documents to facilitate the KYC update process:

Thank you for your attention to this matter. I look forward to your prompt action, and please feel free to reply to this email if any additional information is needed.

[Your Full Name] [Your Account Number] [Your Contact Information]

Email Format for KYC Update Letter to Bank

KYC letter for account verification

The KYC letter for account verification is a formal request to update and verify Know Your Customer (KYC) details with the bank, ensuring accurate and compliant account information.

[Bank Name] [Branch Address] [City, State, ZIP Code]

Subject: KYC Information Update for Account Verification

I hope this letter finds you in good health. I am writing to request an update to my Know Your Customer (KYC) information for the account associated with my account number [Your Account Number].

In accordance with the bank’s policies and regulatory requirements, I would like to provide updated information to ensure the accuracy and completeness of my KYC records. Below are the details that require modification:

Name: [Your Full Name] Address: [Your Current Address] Contact Number: [Your Current Phone Number] Email Address: [Your Current Email Address] Occupation: [Your Current Occupation] Income Details: [Your Current Income Details] I have attached the necessary supporting documents, including a copy of my updated proof of address and identification, for your reference. If any additional information or documents are required, please do not hesitate to contact me.

I kindly request your cooperation in updating my KYC details promptly to avoid any inconvenience. Your assistance in this matter is highly appreciated.

Thank you for your attention to this request. I look forward to a swift resolution.

[Your Full Name] [Your Signature – if sending a hard copy]

KYC Letter for Account Verification

Bank KYC renewal letter

This letter is a formal request for the renewal and update of KYC information for a bank account. It includes a polite request to update personal details, such as name, address, contact information, and supporting documents, to comply with regulatory standards.

Also Read: 25+ EMI Date Change Request Letter Format Steps, Tips, Examples

Subject: Renewal of KYC Information for Account Verification

I trust this letter finds you well. I am writing to request the renewal and update of my Know Your Customer (KYC) information for the account associated with my account number [Your Account Number].

As part of the bank’s ongoing compliance and regulatory requirements, I understand the importance of maintaining accurate and up-to-date KYC details. Therefore, I would like to provide any necessary updates and renew my KYC information.

Below are the details that may require modification or renewal:

Name: [Your Full Name] Address: [Your Current Address] Contact Number: [Your Current Phone Number] Email Address: [Your Current Email Address] Occupation: [Your Current Occupation] Income Details: [Your Current Income Details] I have attached the supporting documents, including a copy of my updated proof of address and identification, for your reference. If any additional information or documents are needed, please inform me promptly.

I kindly request your cooperation in renewing and updating my KYC details at your earliest convenience to ensure compliance with regulatory standards.

Thank you for your attention to this matter. I appreciate your continued support and look forward to a swift resolution.

Bank KYC Renewal Letter

FAQS for KYC Update Letter to Bank – Samples, Email Format, Tips

What should i include in a kyc update letter to bank.

KYC Update Letter to Bank include your account details, a polite request for KYC update, and provide the updated information along with any necessary supporting documents.

How should I format an email for KYC update to bank?

KYC Update Letter to Bank Use a formal tone, clearly state your request, provide updated information, and attach any required documents. Include a subject line indicating the purpose of the email.

What documents are typically required for KYC Update Letter to Bank?

KYC Update Letter to Bank Common documents include proof of identity (passport, driver’s license), proof of address (utility bills, rental agreement), and recent passport-sized photographs.

Is there a specific template for a KYC update letter to bank?

While there isn’t a universal template, ensure your KYC Update Letter to Bank includes the necessary details, a polite request, and any specific information required by your bank.

How often should I update my KYC details with the bank?

Banks may request KYC updates periodically or when there is a change in your personal information. It’s advisable to check with your bank for their specific requirements.

Most of the related information was covered about KYC Update Letter to Bank here on this page. And, also don’t forget to share this article with your friends and family. Follow us for more related information on our Instagram page as well. 

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Application for KYC Update in Bank Account (5+ Samples)

Have you not done a KYC or KYC update in your bank account? If yes, and because of not updating your KYC in your bank you are facing difficulties in doing bank operations. Now you are looking for a sample application about how to write an application letter to the bank manager for KYC updates then your search is over because, in this blog post, I will share more than 5 application samples about KYC updates in banks.

Some banks provide the facility of KYC update to their customers in online mode i.e. their customer can do their KYC or update their KYC with the help of Internet Banking.

If your bank provides the facility to update the KYC online and you also have an ID of Internet Banking from that bank account, then you can easily do your KYC/ update KYC digitally through Internet Banking. If you do not have an internet banking facility, then you have to visit your relative branch and get your KYC updated.

1. KYC Application for Bank

2. application for updation of kyc in bank account, 3. application for kyc update in sbi bank, 4. kyc update request letter, 5. kyc application for bank, 6. application letter for kyc update in bank account.

From, ABC Near ______, Sector 12, Amritsar.

To, The Branch Manager, Punjab and Sind Bank, F Block XYZ Road, Amritsar.

Date:- Date/Month/Year

Subject:- KYC update application.

Dear Sir/Madam, I am “mention your name” and I live in “mention your address”. I am holding a current account in your branch with account number XXXXXXXXXXXX and the account holder’s name is __________. I am having a problem with my bank operations I contacted your customer care they asked me to update my KYC. I have enclosed all the essential documents along with the application.

Therefore, please understand my problems and update my KYC as soon as possible.

Thanking You, Yours Faithfully Signature Contact No:- XXXXXXXXXX

From, ABC Near ______, Sector 13, Pune.

To, The Branch Manager, Union Bank of India, G Block XYZ Road, Pune.

Subject:- Request for updating of KYC in the bank.

Dear Sir/Madam, With all due respect, I want to inform you that I have not updated my KYC in your bank. Due to this, your customer care also called me regarding a KYC update. I attached all the documents in this application for you so you can update my KYC. My bank account number is XXXXXXXXXXXX and the name in my account is __________.

I hope you can consider my request and do the needful.

Thanking You, Yours Truly Signature Contact No:- XXXXXXXXXX

From, ABC Near ______, Sector 14, New Delhi.

To, The Branch Manager, State Bank of India, H Block XYZ Road, New Delhi.

Subject:- KYC update in my SBI bank account.

Dear Sir/Madam, I am maintaining a savings bank account in your branch for the last 6 years and I did my KYC when I opened my bank account in your branch. Meanwhile, I also made some changes to my documents. Now I need to update the KYC in my bank account. My name is ___________ and my bank account number is XXXXXXXXXXXX.

Therefore, I urge you to please update my KYC in your bank at the earliest. I have provided all the documents that you need for the KYC update.

Thank you in Advance, Your Trusty Signature Contact No:- XXXXXXXXXX

From, ABC Near ______, Sector 15, Kanpur.

To, The Branch Manager, Punjab National Bank, I Block XYZ Road, Kanpur.

Subject:- Letter to Bank Manager for KYC update.

Dear Sir/Madam, I would like to draw your kind attention toward that I have not able to do any transactions from my account for the last 7 days. My name is “Mention your name” and my account number is XXXXXXXXXXXX. I also contacted your customer care then they are saying that your KYC is not done so you are not able to do any transactions. They should also say that you have to write an application regarding a KYC update to your bank manager.

Therefore, through this letter, I request you to please update my KYC as soon as possible so that I can do transactions from my account. I have all the necessary documents for this application.

Thanking You, Yours Sincerely Signature Contact No:- XXXXXXXXXX

From, ABC Near ______, Sector 16, Jamshedpur.

To, The Branch Manager, Central Bank of India, J Block XYZ Road, Jamshedpur.

Respected Sir/Madam, My self “mention your name” and I am a businessman having a savings account in your branch for the last 7 years. I received a message from your bank branch yesterday asking for a KYC update. My bank account number is XXXXXXXXXXXX. If I need to update my KYC then please update my KYC as soon as possible.

I hope you can do this for me. I hooked some of my documents in this application for your requirements.

From, ABC Near ______, Sector 17, Patna.

To, The Branch Manager, Canara Bank, K Block XYZ Road, Patna.

Subject:- Request letter to update my KYC in my bank account.

Dear Sir/Madam, I hope you are well, My request through this letter is that I want to update my KYC because I am getting problems while doing my bank operations. My name is __________ and my account number is XXXXXXXXXXX. I enclosed all the documents that you need for doing my KYC update.

I hope you can do the needful. I will always be thankful to you If you do this for me.

Thanking You, Regards Signature Contact No:- XXXXXXXXXX

Related Read

• Letter for Aadhar Link to Bank Account
• Request Letter for NOC from Bank
• Signature Change Letter to Bank

Frequently Asked Questions (FAQs)

How can i update my kyc account.

You will have to submit a letter to your bank branch informing them that you need to update your KYC.

What documents are required for KYC Updation?

Documents that are required while updating KYC are an Aadhar card, PAN card, Voter ID card, ATM card, Electricity bill, and Address proof.

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Application Samples

KYC Update Letter to Bank

Your Name Your Address Phone Number Your Email Address (optional) Date:

To, The Branch Manager, Bank Name, Bank Branch

Subject: KYC update for my a/c no. 12345XXXXXX

Respected Sir/Madam,

My name is _____ and I hold a savings bank account in your branch. My account number is 12345XXXXXX . I am writing this letter requesting for KYC updation.

This is to inform you that as per the intimation message received on __/__/_____ from your side regarding updation of KYC, please find attached Aadhar, PAN copy for the KYC updation.

I request you to kindly do the necessary updation in your records registered for my account.

Thanking You.

Yours Truly, Your Name, Signature

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What is KYC? Financial regulations to reduce fraud

Kyc regulations establish a customer’s identity and identify risk factors for fraud and other financial crimes. learn how kyc works..

November 02, 2022

Jennifer is a writer at Plaid, covering lending and payroll. She believes in the potential of new financial services to enable greater financial access.

In 2021, reported fraud losses rose to $5.8 billion , an increase of more than 70 percent in a single year. One way to combat the rise in financial fraud and money laundering is to reduce anonymous bank accounts and monitor suspicious activity. For financial organizations, that means knowing who customers are and continuously monitoring for risk factors, a process called KYC or "know your customer." 

While the programs to meet KYC requirements are developed by individual organizations, financial institutions like banks, credit unions, and Fortune 500 financial firms, must comply with complex regulations to verify customer identity, called KYC. This article explains what KYC requirements are in the U.S., and why KYC in banking matters. 

Failing to meet KYC regulations can mean steep fines, an increased risk of fraud, and reduced consumer trust, making KYC compliance critical to businesses in many industries.

What is KYC?

KYC means "Know Your Customer." It is a due diligence process financial companies use to verify customer identity and assess and monitor customer risk. KYC ensures a customer is who they say they are.

Compliance with KYC regulations helps prevent money laundering, terrorism financing, and more run-of-the-mill fraud schemes. By verifying a customer’s identity and intentions when the account is opened and then monitoring transaction patterns, financial institutions can more accurately pinpoint suspicious activities. 

To meet KYC  requirements, clients must provide proof of their identity and address, such as ID card verification, face verification, biometric verification, and/or document verification. Examples of KYC documents include a passport, driver's license, or utility bill. 

KYC is a critical process for determining customer risk and whether the customer can meet the institution’s requirements to use their services. It’s also a legal requirement to comply with Anti-Money Laundering (AML) laws. Financial institutions must ensure clients are not engaging in criminal activities while using their services.

→ Want to know how Public seamlessly onboards users to invest in stocks, ETFs, crypto, and more? Watch the Powered by Plaid story on how Public enables new users to make their first trade in minutes. 

Why is KYC important in banking?

KYC is a legal requirement for financial institutions and financial services companies to establish a customer’s identity and identify risk factors. KYC procedures help prevent identity theft, money laundering, financial fraud, terrorism financing, and other financial crimes. Failure to meet KYC requirements can result in steep fines and penalties. 

AML regulations were introduced in 1970 to fight money laundering. Following the 9/11 attacks, the U.S. passed stricter KYC requirements as part of the Patriot Act. While these changes were in the works for several years, the terrorist attacks provided the political momentum needed to enact them.

Title III of the Patriot Act requires financial institutions to meet two core KYC components: the Customer Identification Program (CIP) and Customer Due Diligence (CDD). Current KYC procedures embrace a risk-based approach to counteract identity theft, money laundering, and financial fraud:

Identity Theft: KYC helps financial institutions establish proof of a customer’s legal identity. This can prevent fake accounts and identity thefts from forged documents or stolen identity documents. 

Money Laundering: Both organized and unorganized criminal sectors use dummy accounts in banks to store funds for narcotics, human trafficking, smuggling, racketeering, and more. KYC limits their ability to avoid suspicion by spreading money out across several accounts. 

Financial Fraud: KYC helps prevent fraudulent financial activities, such as using fake or stolen IDs to apply for a loan and then receive funding with fraudulent accounts. 

→ Want to fight fraud while handling KYC requirements? Plaid Identity Verification is the lowest friction identity verification experience available.

AML vs KYC: What’s the difference?

The difference between AML (anti-money laundering) and KYC (Know Your Customer) is that AML refers to the framework of legislation and regulation financial institutions must follow to prevent money laundering. The KYC process is a key part of the overall AML framework and specifically requires organizations to know who they do business with and verify customer identity.

Financial institutions are responsible for developing their own KYC processes. However, AML legislation can vary by jurisdiction or country, which means financial institutions must establish KYC procedures that comply with each set of AML standards.

Who needs to have KYC processes?

KYC is required for any financial institution that deals with customers while opening and maintaining financial accounts. When a business onboards a new client, or when a current client acquires a regulated product, standard KYC procedures generally apply.

Financial institutions that need to comply with KYC protocols include:

Credit unions

Wealth management firms and broker-dealers

Finance tech applications (fintech apps), depending on the activities in which they engage

Private lenders and lending platforms

KYC regulations have become an increasingly critical issue for almost any institution interacting with money (so, just about every business.) While banks are required to comply with KYC to limit fraud, they also pass down those requirements to organizations with whom they do business.

Find out how much identity verification is worth to your organization

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What triggers KYC reverification?

Certain activities can require organizations to reverify customers with an updated KYC process. Triggers for KYC reverification can include:

Unusual transaction activity 

New information or changes to the client

Change in the client’s occupation

Change in the nature of a client’s business

Adding new parties to an account

For example, as a result of initial due diligence and ongoing monitoring, a bank might flag risk factors like frequent wire transfers, international transactions, and interactions with off-shore financial centers. A “high-risk” account is then monitored more frequently, and the customer might be asked to explain transactions or update other KYC-related information periodically.

What are the components of KYC?

Understanding KYC means understanding not just what the process is, but how the different components work together to reduce fraud and illegal activity.  

The core components of KYC include:

Customer Identification Program: Identify and verify the identity of customers.

If you’re working with businesses, identify and verify the identity of the beneficial owners of companies opening accounts.

Customer Due Diligence Program: Understand the nature and purpose of customer relationships to develop customer risk profiles.

Continuous Monitoring: Conduct ongoing monitoring to identify and report suspicious transactions and—on a risk basis—maintain and update customer information.

Customer Identification Program (CIP)

To comply with the Customer Identification Program, financial institutions must ask customers for identifying information. Every financial institution conducts its own CIP process based on its risk profile, so a customer may be asked for different information depending on the institution. 

For an individual, KYC documents could include:

A driver’s license

For a company, the information may include: 

Certified articles of incorporation

Government-issued business license

Partnership agreement

Trust instrument

For either a business or an individual, further verifying information might include:

Financial references

Information from a consumer reporting agency or public database

A financial statement

Financial institutions must verify that this information is accurate and credible, by verifying documentation authenticity, using digital identity verification, or both.

Customer Due Diligence (CDD)

Customer due diligence requires financial institutions to conduct detailed risk assessments, including examining the potential types of transactions a customer makes to detect suspicious behavior. Using this information, the institution assigns the customer a risk rating that determines how often the account is monitored. Institutions must verify the identity of any individual who owns 25% or more of a legal entity, and any individual who controls the legal entity.

While there’s no standard procedure for due diligence, institutions can think of them in three tiers:

Simplified Due Diligence (“SDD”): Used for low-value accounts, or when the risk of money laundering or financing terrorism is low. 

Basic Customer Due Diligence (“CDD”): At this level of due diligence, financial institutions should verify a customer’s identity and level of risk.

Enhanced Due Diligence (“EDD”): High-risk or high-net-worth customers that require a deeper understanding of the customer’s financial activities and risks. For example, if a customer is a Politically Exposed Person (PEP), they may be at greater risk for money laundering.

Continuous monitoring

Continuous monitoring means financial institutions must monitor their client’s transactions on an ongoing basis for suspicious or unusual activity. This step embraces a dynamic, risk-driven approach to KYC. When suspicious or unusual activities are detected, the financial institution must submit a Suspicious Activities Report (SAR) to FinCEN and other relevant law enforcement agencies.

What are KYC document requirements? 

The two mandatory KYC documents are proof of identity with a photograph and proof of address. Customers must provide an updated, unexpired government-issued identification proving nationality or residence and include a photograph or similar safeguard. These documents establish identity when users open a financial account, such as a savings, fixed deposit, mutual fund, or insurance account.

Documents commonly accepted as standard proof of identity and address include:

State-issued ID card

Driver’s license

→ Need a faster account opening and onboarding flow? Plaid Auth provides instant bank account authentication when users connect with their bank account credentials. 

How much does KYC cost businesses?

In 2021, financial institutions spent an estimated $37.1 billion on AML-KYC compliance technology and operations. Beyond the immediate cost of implementing processes, KYC has other costs, such as increased time investment and higher customer churn. 

However, non-compliance with KYC processes can increase costs as well. Failing to meet KYC requirements can lead to increasingly steep fines. In 2013 and 2014, $4.3 billion in fines were levied against financial institutions, which quadrupled the fines of the nine previous years combined. For example, JP Morgan was fined more than $2 billion for a failure to report suspicious activities. In 2021 alone, financial institutions were fined $2.7 billion .

The impact of KYC processes on the banking world 

KYC regulations mean almost any business, platform, or organization that interacts with a financial institution to open an account or engage in transactions must comply with these complex regulations. 

KYC regulations have far-reaching implications for consumers and financial institutions alike. Financial institutions must follow KYC standards when working with a new client. These standards were enacted to fight financial crime, money laundering, terrorism funding, and other illegal financial activity which often rely on anonymous financial accounts.

Failure to comply with KYC regulations can mean steep fines, lack of consumer trust, and even prosecution in some cases. As the financial technology industry grows, more organizations will need to comply with these complex regulations.   

Taking a risk-based approach to KYC helps eliminate the risk of fraudulent activities and ensures a better customer experience. 

Recommended reading

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Know your customer in banking.

KYC (Know Your Customer) is today a significant element in the fight against financial crime and money laundering, and customer identification is the most critical aspect as it is the first step to better perform in the other stages of the process.

The global anti-money laundering (AML) and countering the financing of terrorism (CFT) landscape raise tremendous stakes for financial institutions. 

International regulations influenced by standards like The Financial Action Task Force (FATF) are now implemented in national laws encompassing strong directives like AML 4 and 5 and preventive measures like "KYC" for client identification.

Let's start with a definition of KYC and eKYC and discover how advanced ID verification systems can better support KYC processes .

What is KYC?

KYC means Know Your Customer and sometimes Know Your Client.

KYC or KYC check is the mandatory process of identifying and verifying the client's identity when opening an account and periodically over time.

In other words, banks must ensure that their clients are genuinely who they claim to be.

Banks may refuse to open an account or halt a business relationship if the client fails to meet minimum KYC requirements. 

KYC cloud services to secure digital onboarding

Why is the kyc process important.

KYC procedures defined by banks involve all the necessary actions to ensure their customers are real and assess and monitor risks.

These client-onboarding processes help prevent and identify money laundering, terrorism financing, and other illegal corruption schemes.

KYC process includes ID card verification, face verification, document verification such as utility bills as proof of address, and biometric verification.

Banks must comply with KYC regulations and anti-money laundering regulations to limit fraud.  KYC compliance responsibility rests with the banks. 

In case of failure to comply, heavy penalties can be applied.

In the U.S., Europe, the Middle East, and the Asia Pacific, a cumulated USD26 billion in fines have been levied for non-compliance with AML, KYC, and sanctions fines the past ten years (2008-2018) - let alone the reputational damage done and not measured.

According to the United Nations, criminals are laundering between $1.6 to $4 trillion  annually (2 to 5% of global GDP). Stricter KYC/CDD processes are helping to stop that.

KYC documents

KYC checks are done through an independent and reliable source of documents, data, or information. Each client is required to provide credentials to prove identity and address .

In May 2018, the U.S. Financial Crimes Enforcement Network ( FinCEN ) - added a new requirement for banks to verify the identity of natural persons of legal entity customers who own, control and profit from companies when those organizations open accounts.

Bottom line: when a corporate company opens a new account, it must provide Social Security numbers and copies of a photo ID and passports for its employees, board members, and shareholders. 

What is eKYC?

• In India, Electronic Know Your Customer or Electronic Know Your Client, or  eKYC, is a process wherein the customer's identity and address are verified electronically through Aadhaar authentication. Aadhaar is India's national biometric eID scheme.

Why is eKYC so popular in India? It's because 99.9% of the adult population has a digital identity in the country. In January 2023, 1,3 billion residents got their Aadhaar number.

• eKYC also refers to capturing information from IDs (OCR mode), extracting digital data from government-issued smart IDs (with a chip) with a physical presence, or using certified digital identities and facial recognition for online identity verification . 

Customer onboarding can then be done via mobile. eKYC (aka online KYC) is considered more and more feasible as its accuracy is improving by utilizing Artificial Intelligence (AI).

eKYC, facial recognition, and digital account opening

Banking is undoubtedly the area where facial recognition was least expected. 

And yet, it promises a lot.

KYC onboarding with facial recognition online is a hot topic in 2021.

Covid-19 pushed customers and banks to rely more heavily on digital channels and apps. 

In the United States alone, 64% of primary checking account openings were done online in  Q2 2020  ( and 36% in branches).

And this is not going to change.

A recent study from Visa and BAI showed that the trend would continue after the pandemic.

Beyond that, increased mobile usage urges businesses to focus on mobile-first and develop fully mobile user-friendly onboarding experiences. 

During identification (a selfie), the software usually provides a liveness detection feature to avoid spoofing attacks using a static image.  Liveness detection proves that the selfie taken comes from a live person.

This type of KYC check is also used for cryptocurrency trading apps.

The result?

Financial institutions can invest in digital onboarding, including video KYC (video identification), and leverage biometrics through online and mobile channels to adapt to customer preferences.

Authentication cloud services to secure access to digital banking

Anti-money laundering directive.

In Europe, the fourth Anti-Money Laundering (AMLD4) directive entered into force in June 2017 with a new set of rules to help financial entities protect against the risks of money laundering and financing terrorism.​​

The enhanced version of the fifth AML directive (AMLD5), effective as of 10 January 2020, brought new challenges for financial institutions:

• Improve understanding of customers, beneficial owners of legal entities, and their financial dealings to minimize risk
• Stricter Customer Due Diligence (CDD)
• Control customer identity and share data with central administration
• EU member states must implement the directive within two years.  

KYC process flow

KYC and Customer Due Diligence measures

The KYC policy is a mandatory framework for banks and financial institutions for  customer identification . Its origin stems from the 2001 Title III of the Patriot Act , to provide various tools to prevent terrorist activities.

To comply with international regulations against money laundering and terrorist financing, reinforced Know Your Customer procedures must be implemented in the first stage of any business relationship when enrolling a new customer.

Banks usually frame their KYC policies incorporating the following four key elements:

• Customer Policy
• Customer Identification Procedures (data collection, identification, verification, politically exposed person/sanctions lists check) aka Customer Identification Program (CIP)
• Risk assessment and management (due diligence, part of the KYC process)
• Ongoing monitoring and record-keeping 

This involves verifying a customer's identity through documents, including a national ID Document with a document reader and advanced document verification software. 

From visual ID checks to digital verification

For some, this is still primarily a paper-based check with KYC forms to fill out. See examples here.

For others, it's a digital process that involves verifying that an identity document is genuine or even going further to authenticate the document holder through additional biometric checks such as facial or fingerprint checks.

A digital ID verification process enables a bank to automatically capture customer demographic data, which can be integrated into enterprise systems like CRM to:

• streamline the customer onboarding process, 
• conduct further due diligence and risk assessment,
• review for PEP s (Politically Exposed Persons).

Financial institutions must also maintain records on transactions and Information obtained through Customer Due Diligence measures.

These requirements should apply to all new and existing customers based on materiality and risk.

Welcoming the Wallet

What the new European Digital Identity Framework means for citizens, governments and businesses

KYC verification: Innovative approaches welcome

In November 2018, US agencies, including the Federal Reserve , issued a joint declaration encouraging some banks to become increasingly sophisticated in identifying suspicious activity and experimenting with artificial intelligence and digital identity technologies.

The European Supervisory Authorities promoted new solutions to address specific compliance challenges earlier in the year. They suggest retaining a common approach for consistent standards across the EU. 

They anticipate several types of control, such as «a built-in computer application that automatically identifies and verifies a person from a digital image or a video source ( facial biometrics )” or “a built-in security feature that can detect images that are or have been tampered with (e.g., facial morphing) whereby such images appear pixelated or blurred.”

The use of biometrics can be challenged by local or regional regulations (GDPR in the EU, CCPA in California, to name a few). 

Read our web dossier on biometric data and data protection regulations.

Mobile biometric authentication with Thales Gemalto Mobile Protector

How can we help.

With strong expertise in ID verification for governments, Gemalto supports private customers by providing a solution that helps them comply with the new rules, particularly those regarding CDD (Customer Due Diligence) and KYC obligations.

ID Verification helps banks provide a smooth customer onboarding experience that complies with KYC regulations and minimizes fraud risk. 

Our solution automatically provides, in a matter of seconds:

• digital capture of customer information for instant auto-fill in enterprise data systems
• multichannel identity document verification with adaptable security levels
• the option of customer authentication using biometric technologies
• the option of customer risk assessment through the review of PEPs, sanctions or watchlists

Our system uses the AI approach, where the system can learn from data.

It's a central component of the latest-generation algorithms developed by Thales in its ID Verification systems.

In short, you will rapidly increase your  onboarding rate as the system learns and gets better constantly.  

More resources on AML/KYC

• FATF recommendations   (as amended February 2023)
• The Anti-Money Laundering Act of 2020 ( FinCEN June 2021)
• Sanctions and Anti-Money Laundering Act 2018 ( UK )
• KYC and eKYC in India: What is KYC as per RBI ?
• RBI Allows Video-based KYC  yet (Money Life India January 2021)
• Video KYC for digital bank opening is growing in India (02 March 2021 - The Hindu )
• Indian telcos demand Aadhaar-based e-KYC for verification charges to be reduced ( Financialexpress.com , 8 October 2020)
• Bank KYC updating: No Penalty on Indian Banks  (Moneylife, March 2021)

PPP, SMBs and the challenges of KYC ( payments.com ,16 October 2020)

KYC compliance can be a competitive advantage ( cointelegraph.com , 6 October 2020)

KYC and digital-first in banking (10 December 2021)

More on biometrics and its contribution to identification and verification

• Facial recognition in 2023: 7 trends to watch
• Discover  IdCloud KYC , Gemalto Advanced ID verification solution

Trusted Digital Identity for Everyone Everything Everyday

Key best practices for digital onboarding

This ebook highlights the key best practices we have identified during deployments of KYC projects using our solution in the banking private sector, and key technologies to be used to allow a smooth onboarding and reduce identity fraud

Single Vendor Approach to Banking Security

Everything you need to know about AML 5

The fifth Anti Money Laundering Directive (AMLD5) set a new set of rules to help financial entities protect against the risks of money laundering and financing of terrorism

Get in touch with us

For more information regarding our services and solutions contact one of our sales representatives. We have agents worldwide that are available to help with your digital security needs. Fill out our contact form and one of our representatives will be in touch to discuss how we can assist you.

Please note we do not sell any products nor offer support directly to end users. If you have questions regarding one of our products provided by e.g. your bank or government, then please contact them for advice first.

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Step-by-Step Guide to Completing the KYC Process in Banking

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Know Your Customer (KYC) is a process that financial institutions, businesses and other organisations use to verify and identify their customers or clients in order to prevent identity theft, fraud, money laundering, untoward financing etc. Considering the delicate nature of financial activities, KYC in banking typically involves collecting and verifying various types of documents and information from customers.

Banks and financial institutions have stringent protection policies that secure the customer data. There are various reasons for which KYC is needed in banking. For instance, it can be needed to open a Savings Account or any other type of Account or apply for a Credit Card with the Bank.

How to do KYC in Banking?

There are two ways to complete KYC verification - physically or through a video call.

Generally, this is what goes into physical KYC verification:

Step 1: contact the bank.

To initiate the KYC process at the ICICI Bank Branch you can call customer care to check for slots and availability. Choose a convenient date and time to visit the Branch.

Step 2: Gather the Required Documents:

Before your appointment, make sure to gather all the necessary documents. Commonly required documents include:

Proof of Identity: Valid Passport, PAN Card, Aadhaar Card, etc.

Proof of Address: Recent Utility Bill, Bank Statement, Aadhaar Card or Rental Agreement.

Passport-size Photographs: Carry a few recent coloured Passport-size photographs.

Step 3: Visit the ICICI Bank Branch:

On the scheduled date visit the ICICI Bank Branch where the appointment has been scheduled and inform the Bank staff that you are there for the KYC process.

Step 4: Fill out the KYC Application Form:

The Bank staff will provide a KYC application form. The form may ask for personal information such as your name, address, contact details, occupation and financial details.

Step 5: Submit the Required Documents:

Once you have filled in the application form, submit it along with the required documents. The Bank staff will verify the documents.

Step 6: Verification Process:

ICICI Bank will undertake a verification process based on the documents submitted and information provided by you. This may involve cross-checking of the information with external databases and conducting background checks.

Step 7: Confirmation and Completion:

Once the verification process is done, ICICI Bank will confirm your KYC requirements. You will receive an acknowledgement or confirmation document from the Bank.

An online Video KYC is another mode through which the customers can quickly complete their KYC for several Accounts. During the process, KYC documents are verified and the signature of the customer is recorded through a video call, which takes place with the Bank Officer.

What is needed to complete the Video KYC:

Only resident Indians can apply for this

Original PAN Card to be kept handy

A blank white paper and a black/blue pen for doing a live signature

Ensure the surroundings are well-lit with a plain clear background

A reliable Internet connection.

Steps to Complete the Video KYC

A prospective customer can avail the Video KYC facility by following these simple steps:

Apply for opening an Account or availing a Personal Loan or a Credit Card:

Here the customer has to enter their PAN number, authenticate using Aadhaar and OTP that is sent and then give a few more details. You can apply for the ‘Amazon Pay ICICI Bank Credit Card’ from the Amazon App.

Click on the Video KYC Tab:

Customer has to click on the ‘Video KYC’ Tab or the link that would be sent by the Bank Official. As per the mandatory regulatory guidelines, the customer will also be required to activate the location option on their device for geo-tagging within the country. Customer will be routed to an ICICI Bank Officer who would conduct the KYC in real time.

Submit details for Video KYC: Keep the following things handy:

PAN Card, a blank white sheet of paper and a blue/black pen. The Bank Officer will record the image of the PAN Card, signature of the customer and facial image through the video call. The Video KYC system simultaneously uses Artificial Intelligence (AI) backed facial pattern recognition feature to match the customer with his/her photo available on the Aadhaar site.

The Video KYC takes a few hours to complete. For Personal Loan and Credit Card customers, the application may move ahead for some further processing.

A digital approach saves time but a visit to your nearest Bank Branch to get an in-person verification is not a long-drawn process either. Customers can sometimes complete their physical KYC quickly since they are there to present their documents and attested copies in-person. Either way, KYC in banking is necessary.

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Application for KYC in bank

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Table of Content:

1. Request letter to bank for KYC update.

To, The Bank Manager Bank Name Branch Name  Name of city/vill

Date : day/month/year

Subject : Letter requesting KYC update to bank.

Respected sir/madam,

This is to bring into your kind attention that I am an account holder of your esteemed bank, __( branch name ).I want you to kindly update my KYC in my bank account. I have attested duly filled KYC application form and other essential documents for the above mentioned process.  My bank account details: [Name ] [Account number] [IFSC code] [Registered mobile number] [Email id] [Atm card number]

I request you to kindly act on this matter at the earliest possible.I shall be always grateful to you for this act of your kindness.

Thanking you

Yours sincerely [Signature] [Address with pin code] 

2. Application for KYC in bank in English.

To, The Bank Manager [Bank name] [Branch name] [Name of city/vill]

Subject : Application for KYC update.

I am Nidhi Iyer, an account holder in your esteemed bank. My account number is __( account   number ). I am writing this letter for the KYC updation in my bank account.. I have attached all the necessary documents with this application.

I urge you to kindly consider this matter as of urgency and do the needful. I shall be grateful to you for this act of your kindness.

Bank account details: [Name] [Account number] [IFSC code] [Registered mobile number] [Email ID] [ATM card number]

Yours sincerely  [Signature] [Address with pin code]

3. KYC letter format for bank

To, The Bank Manager [Bank Name] [Branch Name] [Name of city.vill]

Subject : KYC update letter.

With cordial regards, I wish to gently inform you that I am an account holder in your esteemed bank. I want to request you to kindly update the KYC in my bank account. All the mandatory documents along with the duly filled KYC application is attached with this letter.

My bank account details are cited below: [Name] [Account number] [IFSC code] [Registered mobile number] [Email id ]

Your prompt cooperation in this regard will be highly appreciated.

4. How to write application for KYC in bank

To,  The Bank Manager [Bank Name] [Branch Name] [Name of city/vill]

Subject : Application for KYC update.

The sole intention of this letter is to let you know that I have maintained an account in your esteemed bank for a few years. I wish to request you to kindly update the KYC in my account.

My bank account details are: [Name ] [Account number] [IFSC code] [Registered mobile number]

I therefore request you to kindly grant my application and do the needful. Your cooperation and support will be highly appreciated and applauded.

Yours sincerely  [Signature] [Address with pincode]

5. Application letter for KYC update in SBI Bank.

To, The Bank Manager State Bank of India [Branch Name] [Name of city/vill]

Date :dd/mm/yyyy

Subject : Application requesting KYC update.

Respected sir/madam, 

I am writing this letter to request you to kindly update the KYC in my bank account. My name is ____( your name ) and my account number is __( your account number ). My IFSC code is __( IFSC code ).

I have attested all important documents with this application.

I request you to treat this as a matter of urgency and act in this regard at the earliest. I shall be forever grateful to you for this act of your kindness.

Yours faithfully [Signature] [ATM card number] [Address with pincode] [Registered mobile number] [Other contact details]

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KYC Documents Individuals - Personal Banking

केवाईसी दस्तावेज व्यक्तिगत.

KYC Documents Individuals

Individuals (documents acceptable as proof of identity/address).

• Voter's Identity Card
• Driving Licence
• Aadhaar Letter/Card
• Letter issued by the National Population Register containing details of name and address.

Any one document towards proof of identity and proof of address (either permanent or current )

If minor is less than 10 years of age, ID proof of the person who will operate the account to be submitted.

In cases where minor can operate the account independently, KYC procedure for identification/address verification as in the case of any other individuals would apply.

Passport and Residence Visa Copies, duly attested by

• Foreign offices
• Notary Public
• Indian Embassy
• officers of correspondent banks whose signatures are verifiable through an authorized(A/B category Forex handling branch) branch of the Bank

Small Accounts

(small account' means a savings account in a banking company where

• the aggregate of all credits in a financial year does not exceed rupees one lakh;
• the aggregate of all withdrawals and transfers in a month does not exceed rupees ten thousand; and
• the balance at any point of time does not exceed rupees fifty thousand)

Submission of self-attested photograph and affixation of signature or thump impression before the officer of the Bank who is authorized to approve opening of accounts who will certify under his signature that the person opening the account has affixed his signature or thumb impression, as the case may be, in his presence.

(small account shall remain operational initially for a period of twelve months, and thereafter for a further period of twelve months if the holder of such an account provides evidence before the Bank of having applied for any of the officially valid documents within twelve months of the opening of the said account, with the entire relaxation provisions to be reviewed in respect of the said account after twenty four months)

A small account can also be opened with any one of the following documents which are deemed as ‘Officially Valid Documents'

• identity card with applicant's photograph issued by Central/State Government Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, and Public Financial Institutions;
• letter issued by a gazetted officer, with a duly attested photograph of the person

Details of Annexures for KYC Updation

Annexure A-Self Declaration form for KYC updation-No change in KYC information

Annexure B-KYC Updation form for Individual

Annexure C-Self Declaration form for KYC updation-Change in address

KYC Udation through YONO (BILINGUAL)

KYC Updation through ATM (BILINGUAL)

KYC updation through INB (BILINGUAL)

Last Updated On : Tuesday, 08-08-2023

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ApplicationForAll

Application for KYC Update in Bank Account

March 7, 2023 by admin Leave a Comment

Application for KYC Update in Bank Account:  Do you need a KYC Application for your Bank and are looking for application samples for a KYC update in your Bank Account? You are on the right page. 

Updating your KYC is essential to continue banking operations without any difficulty. It is an easy process. You only need to copy any of the samples listed below and replace the Name, Account Number. And all others with your details. Visit the nearest branch with the application and all necessary documents and update KYC.

We also provide direct samples for banks like SBI, Axis, and others. You can use the samples listed below if you have an account in that Bank.

• 1 Application for KYC Update in Bank Account
• 2 KYC Application for Bank
• 3 Application for KYC Update in Bank
• 4 Application for KYC Update in SBI Bank
• 5 Application for KYC in Bank in English
• 6  How to write application for KYC Axis Bank
• 7 KYC update letter to Bank
• 8 KYC update request letter

To The bank manager Bank name Branch Address Name of the city

Date: dd/mm/yyyy

Subject: request for KYC update

Respected Sir,

I am (full name), an account holder in your prestigious Bank for the last 10 years. The previous day I received a message from your Bank that I must update my account with KYC.

Account holder Name: Account number: IFSC code: ATM card number:

Therefore kindly request you do the updation of KYC to my bank account. I have pinned all the essential documents which are needed for the updation.

I hope you will consider this application and do this favour early as possible. My bank account details are given below. Thank you

Yours Sincerely, Name Write your address

KYC Application for Bank

To The Bank Manager Bank name Branch Address

Subject: Application for KYC update

I would like to notify you that am an account holder in your esteemed Bank for 5 years. I have some issues while transacting money from my bank account, so your customer care has responded to me to do a KYC update in the Bank.

My bank account details are as follows

Account holder name: Account number: IFSC code: ATM number: Mobile number:

Therefore kindly accept my application and update KYC in my current account. I shall be grateful for your act of kindness. I have submitted all the documents which are necessary for the update.

Yours faithfully, Signature Mention address

Read: NOC Letter format for Bank Loan

Application for KYC Update in Bank

To The bank manager Name of the Bank Address

Subject: Applying for KYC update in bank

I am writing to inform you that I have an account in your reputed Bank (bank name). Myself (write your name), my bank account number (mention your Account number), and IFSC code. I am unable to access money from my saving account. So I need to update KYC in my bank account. Then only I can proceed with my money transaction.

Hence I kindly request you understand my situation and do the procedure as soon as possible. I hooked up all the essential documents with this application. Thank you in advance for the excellent response.

Yours truly, Name Address Mobile number

Application for KYC Update in SBI Bank

To The bank manager State bank of India Branch name City name

I want to convey to you that I (mention your name), my account number is _________, and my IFSC code . I have maintained this account for the last 6 years in SBI bank. I received a notification from your Bank that I need to update KYC immediately to function my transaction smoothly.

I have attached all the required documents for the KYC update. I urge you to kindly accept this application and request you do the process as soon as possible.

Yours truly, Name Address with mobile number

Application for KYC in Bank in English

To The bank manager Name of the Bank Branch name Place

Subject: KYC update application

With due respect, I wish to inform you that I am not yet updated KYC in my bank account. Therefore my bank account needs to be fixed.

Name: Account number: IFSC code:

Please accept my application and update KYC in my bank account as soon as possible. I have provided all the documents which are required for the KYC updating. I shall be thankful to you if you do this act of kindness.

Yours sincerely, Name Address Contact details

Also Look: Application for Joint Account to Single Account

 How to write application for KYC Axis Bank

To The bank manager Axis Bank (Your Bank Name) St. Joseph Street (Address) Bangalore (City name)

Subject: application for KYC update

I am writing this letter to inform you that I am (Mention your Name), holding a bank account in your Bank for so many years. I received a message from your Bank that requested to update the KYC of my bank account. My bank account will respond if the KYC update is processed.

My bank account details are given below

Bank Account number: IFSC code: ATM Number: Email: Mobile number:

Therefore I request you consider my application and update the KYC of my bank account at the earliest. I have attested all the mandatory documents with this application. Thank you in advance for your cooperation and support. Kind regards Name: Address:

KYC update letter to Bank

To The bank manager ICICI Bank Near Avenue Centre, Panampilly Nagar, Kochi – 682036

Subject: KYC update letter to Bank

I would like to let you know that I am __________, an account holder of your reputed Bank for 5 years. My Account Number is . I need to update KYC in my bank account.

Account number: IFSC code: ATM Number: Email:

I have attached all the required documents with this application. I request you to do me a favour at the earliest opportunity.

KYC update request letter

To The bank manager HDFC Bank 5, MIG, PT Rajan Rd, Sector 1, K. K. Nagar, Chennai, 600078

Subject: KYC update request letter

I am writing to inform you that I am in a state to update KYC in my bank account at your esteemed Bank. Myself ________, and my Account Number is _______ . I request you do the KYC updation in a short period. I will be grateful for your prompt response.

The bank account details are as follows: IFSC Code: PAN Number: Aadhaar Number:

• Application for Closing Bank Account
• Application for Bank Statement
• Application for Lost ATM Card
• Application for New ATM Card

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Home » Letters » Bank Letters » Request Letter to Bank for Updation of CKYC – Sample Letter Regarding CKYC Updation

Request Letter to Bank for Updation of CKYC – Sample Letter Regarding CKYC Updation

Table of Contents:

• Sample Letter

Live Editing Assistance

How to use live assistant, additional template options, download options, share via email, share via whatsapp, copy to clipboard, print letter, sample letter regarding ckyc updation.

To, The Manager, _________ (Bank Name), _________ (Address)

Date: __/__/____ (Date)

Subject: Updation of CKYC

Respected Sir/Madam,

My name is _________ (Name) and I do hold a ____________ (Type of account) account in your branch bearing account number __________ (Account Number).

I am writing this letter to request you for updating CKYC. My customer ID is _________ (Customer ID). I request you to kindly update CKYC in my bank account.

As per requirements, please find the CKYC form, KYC Documents, photo, and all other required documents attached herewith.

Thanking You, ___________ (Signature), ___________ (Name), ___________ (Contact Number)

Live Preview

The Live Assistant feature is represented by a real-time preview functionality. Here’s how to use it:

• Start Typing: Enter your letter content in the "Letter Input" textarea.
• Live Preview: As you type, the content of your letter will be displayed in the "Live Preview" section below the textarea. This feature converts newline characters in the textarea into <br> tags in HTML for better readability.

The letter writing editor allows you to start with predefined templates for drafting your letters:

• Choose a Template: Click one of the template buttons ("Start with Sample Template 1", "Start with Sample Template 2", or "Start with Sample Template 3").
• Auto-Fill Textarea: The chosen template's content will automatically fill the textarea, which you can then modify or use as is.

Click the "Download Letter" button after composing your letter. This triggers a download of a file containing the content of your letter.

Click the "Share via Email" button after composing your letter. Your default email client will open a new message window with the subject "Sharing My Draft Letter" and the content of your letter in the body.

Click the "Share via WhatsApp" button after you've composed your letter. Your default browser will open a new tab prompting you to send the letter as a message to a contact on WhatsApp.

If you want to copy the text of your letter to the clipboard:

• Copy to Clipboard: Click the "Copy to Clipboard" button after composing your letter.
• Paste Anywhere: You can then paste the copied text anywhere you need, such as into another application or document.

For printing the letter directly from the browser:

• Print Letter: Click the "Print Letter" button after composing your letter.
• Print Preview: A new browser window will open showing your letter formatted for printing.
• Print: Use the print dialog in the browser to complete printing.
• CKYC stands for Central Know Your Customer, and it is a centralized repository of KYC records of customers in the financial sector. It helps banks and other financial institutions maintain updated customer information and comply with regulatory requirements.
• The documents required for CKYC updation may include a filled CKYC form, KYC documents such as identity proof and address proof, and a recent passport-sized photograph.
• The processing time for CKYC updation may vary depending on the bank's internal procedures and workload. However, it is advisable to follow up with the bank if there is no response within a reasonable timeframe.
• In some cases, physical presence may be required, especially for document verification purposes. However, some banks may offer online or mobile options for CKYC updation, depending on their digital banking services.
• If you notice any discrepancies in your CKYC details after updation, you should promptly contact the bank and provide supporting documentation to rectify the errors.

Incoming Search Terms:

• sample letter to bank for updation of central kyc to bank account
• letter to bank requesting to update CKYC to bank account

By letterskadmin

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