Order KYC
Form Photo
30mmx40mm Photos
OnlinePassportPhoto.com
proudly offers online passport photo service for KYC (Know Your Client)
form photos. You can get 6 KYC photos for one low price of $8. You can also order
PAN Card photos or
OCI photos too with us.
What is KYC?
KYC is an acronym for "Know
your Customer", a term used for customer identification process. It
involves making reasonable efforts to determine true identity and beneficial
ownership of accounts, source of funds, the nature of customer's business,
reasonableness of operations in the account in relation to the customer's
business, etc which in turn helps the banks to manage their risks prudently.
The objective of the KYC guidelines is to prevent banks being used,
intentionally or unintentionally by criminal elements for money laundering.
KYC has two components - Identity and Address. While identity remains
the same, the address may change and hence the banks are required to
periodically update their records.
KYC (Know Your Customer)
is important for investors who invest in Indian stocks, bonds and mutual
funds, etc. This form is mandetory w.e.f. 1st January 2011 for all categories
of investors to comply with KYC norms under the Prevention of Money
Laundering Act 2002 (PMLA). Regitration of KYC is free of cost.
To register KYC form, you
are required to have Permanent Account Number (PAN card- self attested
photocopy), proof of address and a Photograph with size 30 x40mm.
To download KYC form, click
here for
KCY Form for Individual or here is the
KYC
Form for Non-Individual investor. Access
KYC form on SEBI can be accessed here.
KYC for Investors
Uniform
Know Your Client (KYC) Requirements for the Securities Markets w.e.f
1 January 2012
SEBI has vide its circular
dated October 5, 2011 notified Uniform KYC Form and supporting documents
required to be used by all SEBI registered intermediaries (including
Mutual Funds) for new client accounts. The uniform KYC requirement is
effective from 1 January 2012. In view of the above, the KYC form to
be used by new investors for obtaining KYC compliance has been modified.
Accordingly, all new investors irrespective of their investment amount
will be required to adhere to the new KYC norms. With a view to bringing
about an uniformity in the KYC requirement and a mechanism for centralization
of the KYC records in the securities market, SEBI has vide its various
circulars viz. MIRSD/SE/Cir-21/2011 dated October 5, 2011, MIRSD/Cir-23/2011
dated December 2, 2011 and the SEBI (KYC Registration Agency) Regulations,
2011 mandated that an investor who deals with any of the SEBI registered
entities, viz. Depository Participants (DPs), Mutual Funds, Portfolio
Managers, etc. shall be required to fill the common KYC form and submit
the same along with the specified documents at the account opening stage
with any of the SEBI registered intermediaries ('Intermediary'). Investors
may download the Common KYC form here or approach any of the official
points of acceptance of transactions.
KYC Photo Size
Most Brokerage and banks
ask for 30x40mm sized color photographs on KYC form. Here is an example
of
ICICI
bank's KYC form which asks applicant to affix most recent colour
photograph 30mm x 40mm and sign across the photograph.
Please note that
Uniform
Know Your Client (KYC) Requirements for the Securities Markets w.e.f
1 January 2012 guideline does not include any information about
the photo size. Most brokers use the Common KYC forms which have no
specific information about photo size. Hence please
check with your financial institution if you are not sure about KYC
form photo size. If they ask for 35x35mm sized photos, which is also
a size for typical Indian passport photo, please visit this page and
order your photos as
Indian
Passport photos.
IMPORTANT: Unless specified
otherwise, for orders of KYC photos, we will create 30 x40mm sized photos.
How to order KYC photos:
First, make sure
the photo you send us meets following requirements:
Full UPPER HALF BODY view
with all facial features clearly visible.
Face should neither be too
bright nor too dark
If wearing spectacles -
reflection of light from the glasses should not be visible.
No visible shadow on the
face or background.
Do not wear white/ light
colored shirt as it blends with light background.
Light reflection from hair
should not be visible.
3 Step process
to order 30mmx40mm photos for KYC Form
- Upload Photos: If
you have not uploaded yet, please click here to upload your photos
- Please click
here to make payment with PayPal.
- Click here to let us know what size of photos
are required by your KYC Application form. 2x2 or 35mmx35mm. Also, give
us the address of your local Walgreens or Target if you want to pick
up there within 24 hours at no additional charge. Click
here to go to Contact Us form.
KYC- "Know Your Client"
guidelines by RBI:
'Know
Your Customer' (KYC) Guidelines - Anti Money Laundering Standards
Please refer to our circular
DBOD. No. AML.BC.18/ 14.01.001/2002-2003 dated August 16, 2002 on the
guidelines on 'Know Your Customer' norms. Banks were advised to follow
certain customer identification procedure for opening of accounts and
monitoring transactions of a suspicious nature for the purpose of reporting
it to appropriate authority. These 'Know Your Customer' guidelines have
been revisited in the context of the Recommendations made by the Financial
Action Task Force (FATF) on Anti Money Laundering (AML) standards and
on Combating Financing of Terrorism (CFT). These standards have become
the international benchmark for framing Anti Money Laundering and combating
financing of terrorism policies by the regulatory authorities. Compliance
with these standards both by the banks/financial institutions and the
country have become necessary for international financial relationships.
Detailed guidelines based on the Recommendations of the Financial Action
Task Force and the paper issued on Customer Due Diligence(CDD) for banks
by the Basel Committee on Banking Supervision, with indicative suggestions
wherever considered necessary are enclosed. Banks are advised to ensure
that a proper policy framework on 'Know Your Customer' and Anti-Money
Laundering measures is formulated and put in place with the approval
of the Board within three months of the date of this circular. It may
also be ensured that banks are fully compliant with the provisions of
this circular before December 31, 2005.
2. While preparing operational
guidelines banks may keep in mind the instructions issued in terms of
our circular DBOD.AML. BC. No.83/14.01.001/2003-2004 dated May 12,2004
wherein banks were advised to treat the information collected from the
customer for the purpose of opening of account as confidential and not
divulge any details thereof for cross selling or any other purposes.
Banks may, therefore, ensure that information sought from the customer
is relevant to the perceived risk, is not intrusive, and is in conformity
with the guidelines issued in this regard. Any other information from
the customer should be sought separately with his /her consent and after
opening the account.
3. Banks should continue
to ensure that any remittance of funds by way of demand draft, mail/
telegraphic transfer or any other mode and issue of travelers' cheques
for value of Rupees fifty thousand and above is effected by debit to
the customer's account or against cheques and not against cash payment.
4. Banks should ensure that
the provisions of Foreign Contribution and Regulation Act, 1976 wherever
applicable are adhered to strictly.
5. These guidelines are issued
under Section 35A of the Banking Regulation Act, 1949 and any contravention
of or non-compliance with the same may attract penalties under the relevant
provisions of the Act.
6. Once the policy framework
is ready and implemented by a bank, the instructions issued vide this
circular will supersede all instructions issued on 'Know Your Customer'
and Anti-Money Laundering measures till date. Yours faithfully, ( Prashant
Saran) Chief General Manager
Important Links:
SEBI on KYC:
Uniform Know Your Client (KYC) Requirements for the Securities Markets
w.e.f 1 January 2012
