When the POS should reject KYC application form (KAF):
1. Any of the mandatory fields are left blank in the KYC Application Form (KAF).
2. The age of the applicant is less than 18 years i.e. if a minor has applied for KYC.
3. Permanent Account Number (PAN) is not provided in the application form.
4. PAN card copy is not provided as proof of PAN.
5. If the name in PAN card does not match with the name in KYC application form and if no additional proof of identity document is provided.
6. The signature across the photograph on the KAF does not match with the signature in the KYC application form.
7. Changes/ overwriting in the application form have not been signed or the sign does not match the signature on the KAF.
8. If the documents provided for proof of identification and proof of address are not from the admissible list.
9. If, POI and POA copies are not self attested by the investor.
10. Electricity bill, telephone bill, bank passbook, bank statement, demat account statement submitted as proof of address should be valid on the day of submission to the POS i.e. not more than 3 months old.
11. Proof document copy is not verified against the original.
12. Any evidence of tampering with the original document for proof copies submitted.
13. Documents verified by Bank Branch Manager, Gazetted officer or any representative of the Legislative is not submitted in original. |
