Re-KYC Process for NRI Accounts – A Complete Guide
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Re-KYC is the re-verification of your Know Your Customer details to keep banking records current and RBI-compliant. It involves updating identity documents, address proof, and photographs based on your account's risk classification.
Yes, you can complete your Re-KYC without visiting India. Send scanned copies of the required documents, along with a duly filled and signed Re-KYC updation form, to [email protected] from your registered email ID or via Secure Mail.
Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empanelled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein
Introduction
Re-KYC is a regulatory requirement under RBI guidelines to ensure banking records remain up to date. For NRIs, completing this journey remotely requires understanding the process and documentation.
Table of Contents
What Re-KYC Means for NRIs
Re-KYC involves periodic verification of your identity, address, and account information to maintain a complete banking relationship. Banks need to update their records regularly to reflect changes such as overseas address changes and other relevant details.
Why Re-KYC matters for NRIs
It also helps the bank to monitor the authenticity of financial transactions, thereby helping prevent money laundering and other criminal activities.
When is Re-KYC required?
All banks periodically require customers to complete their Re-KYC. The frequency for Re-KYC depends on the customer’s risk profile. Additionally, customers must complete Re-KYC upon passport or visa renewal, or when their overseas address changes.
Required Documents for Re-KYC
You require the following documents, along with a duly filled and signed Re-KYC updation form, to complete your Re-KYC with Kotak Mahindra Bank:
Document Category
Acceptable Documents
Identity Proof
Valid passport or residence permit showing immigration stamps
NRI Status Proof
Valid VISA
Address Proof (Overseas)
Utility bills, bank statements, tax assessment orders, government-issued ID with address
Photographs
Recent colour passport-size photographs with signature
All the documents submitted must be self-attested.
How to complete your Re-KYC?
You can complete your Re-KYC process through one of the following ways:
What Happens If Re-KYC Is Missed
Missing the Re-KYC deadline triggers a phased restriction process, starting with partial blocks and escalating to a complete account freeze. Once frozen, your account becomes inoperative, blocking your standing instructions and access to your funds until Re-KYC is completed and the account is reactivated.
Conclusion
Re-KYC for NRI accounts ensures regulatory compliance through periodic verification based on risk classification. The process requires specific documentation with self-attestation and offers multiple completion methods for overseas residents.
Kotak Mahindra Bank simplifies Re-KYC for NRIs through dedicated support teams and digital platforms for document submission. With presence across key NRI corridors and 24/7 customer support, we help you maintain seamless account access while staying compliant with regulatory norms.
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