Fresh photographs will be required to be obtained from minor customer on becoming major.<\/p>\n<\/li>\n<\/ol>\n

3. Further NBFCs (i) need not seek fresh proofs of identity and address at the time of periodic updation, from those customers who are categorised as \u2018low risk\u2019, in case of no change in status with respect to their identities and addresses. A self-certification by the customer to that effect should suffice in such cases. In case of change of address of such \u2018low risk\u2019 customers, they could merely forward a certified copy of the document (proof of address) by mail\/post, etc.<\/p>\n

(ii) If an existing KYC compliant customer of NBFC desires to open another account in the same NBFC, there should be no need for submission of fresh proof of identity and\/or proof of address for the purpose.<\/p>\n

4. NBFCs may revise their KYC policy in the light of the above instructions and ensure strict adherence to the same.<\/p>\n

Yours faithfully,<\/p>\n

(Sindhu Pancholy)
Deputy General Manager<\/p>\n","protected":false},"excerpt":{"rendered":"