Axis Bank Kyc Form PDF Details

In today's rapidly evolving financial landscape, banks continuously update their processes to enhance customer experience while adhering to legal requirements. Axis Bank, one of the leading financial institutions, has introduced a comprehensive Customer Updation Form for KYC (Know Your Customer) specifically designed for Resident Indians. This initiative aims to streamline the verification process, ensuring accuracy and security in customer data. The form encompasses various sections, including the declaration of the Permanent Account Number (PAN) or, in its absence, Form No. 60, which is crucial for individuals who do not have a PAN but engage in transactions specified under rule 114B. It meticulously gathers information on the full name and address of the declarant, particulars of the transaction, and the amount involved. Additionally, it delves into the tax assessment status of the individual, requesting details if one is assessed to tax, including specifics of the ward/circle/range where the last return of income was filed and reasons for not having a PAN. Furthermore, the form demands documentation in support of the address provided, adhering to the stringent KYC norms set by financial authorities. For individuals with agricultural income who are not liable to pay income tax on other earnings, Form No. 61 serves as a declaration supporting their exempt status, detailing the transaction and evidence backing their address and income source. Such meticulous detail ensures Axis Bank remains compliant with regulatory mandates while safeguarding both the bank's and customers' interests.

QuestionAnswer
Form NameAxis Bank Kyc Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesminor declaration form axis bank, minor to major axis bank form, minor to major conversion form axis bank, axis bank kyc

Form Preview Example

Customer Updation Form for KYC - Resident Indian

PERMANENT ACCOUNT NUMBER (PAN):

12. NATIONALITY:

FORM NO. 60

[See second proviso to rule 114B]

Form of declaration to be filed by a person who does not have a permanent account number and who enters into any transaction specified in rule 114B

1.Full name and address of the declarantion ___________________________________________________

2.Particulars of transaction ___________________________________________________________________

3Amount of the transaction _________________________________________________________________

4.Are you assessed to tax ? Yes /No

5.If yes, (i) Details of Ward/ Circle/ Range where the last return of income was filed?

___________________________________________________________________________________________

(ii) Reasons for not having permanent account number?

___________________________________________________________________________________________

6. Details of the document being produced in support of address

________________________________________________________________________

FORM NO. 61

[See proviso to clause (a) of rule 114C(1)]

Form of declaration to be filed by a person who has agricultural income and is not in receipt of any other income chargeable to income-tax in respect of transactions specified rule 114B

1.Full name and address of the declarant __________________________________________________________

2.Particulars of transaction ______________________________________________________________________

3.Details of documents being produced in support of address in column (1) ____________________________

Yes /No I hereby declare that my source of income is from agriculture and I am not required to pay income-tax on any other income if any.

Date :

 

Place :

Signature of the declarant

Verification

I, __________________________________________________________________________________ do hereby

declare that what is stated above is true to the best of my knowledge and belief.

 

Verified today, the ________________ day of ________________.

 

Place : ____________________

Signature of the declarant

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Part number 1 of filling out minor declaration form axis bank

2. Once your current task is complete, take the next step – fill out all of these fields - PERMANENT ACCOUNT NUMBER PAN, and NATIONALITY with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Step no. 2 in filling out minor declaration form axis bank

3. Completing is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Filling in segment 3 in minor declaration form axis bank

4. This next section requires some additional information. Ensure you complete all the necessary fields - Form of declaration to be filed by, Full name and address of the, Particulars of transaction , Amount of the transaction , Are you assessed to tax Yes No, If yes i Details of Ward Circle, ii Reasons for not having, Details of the document being, FORM NO , See proviso to clause a of rule C, Form of declaration to be filed by, and Full name and address of the - to proceed further in your process!

Completing segment 4 in minor declaration form axis bank

5. Now, this last part is precisely what you need to complete before finalizing the form. The blank fields here include the following: Particulars of transaction , Details of documents being, Date , Place Signature of the declarant, I do hereby declare that what is, Verification, and Verified today the day of .

Writing section 5 in minor declaration form axis bank

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