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Is Aadhaar card mandatory for bank KYC?

Author

Sarah Oconnor

Updated on February 24, 2026

Is Aadhaar card mandatory for bank KYC?

IT IS NOT MANDATORY
You can voluntarily provide your Aadhaar number to open a bank account. However, the bank can't use your Aadhaar without your consent. If you permit to use your Aadhaar, banks can use it for online authentication and E-KYC.

Also, which documents are required for bank KYC?

KYC Documents Individuals

  • Passport.
  • Voter's Identity Card.
  • Driving Licence.
  • Aadhaar Letter/Card.
  • NREGA Card.
  • PAN Card.

Similarly, is Aadhaar required for bank account? The 'State of Aadhaar: A People's Perspective' report by Dalberg, a leading social impact advisory group, also highlighted that 90% of people with Aadhaar incorrectly believe that providing the unique identity number is mandatory for bank accounts despite the Supreme Court ruling of 2018.

Besides, is e KYC mandatory for banks?

Banking customers: Before the Supreme Court judgment on Aadhaar in September 2018, banks were using Aadhaar eKYC to open instant bank accounts through apps and websites. Since Aadhaar was allowed, many banks and other RBI-regulated entities made eKYC mandatory then.

Is KYC mandatory?

KYC or Know Your Customers is an essential term used by corporate firms. This process is the building block for the verification of the customer's identity. Nowadays, because of security concerns, RBI made KYC is compulsory for the banks and financial institutions.

What is KYC documents for SBI?

Individual account holders are eligible to submit anyone document towards proof of identity and proof of address from passport, voter's identity card, driving licence, Aadhaar card, NREGA Card and PAN card.

What is needed for KYC?

KYC stands for “Know Your Customer”. Generally an identity proof with photograph and an address proof are the two basic mandatory KYC documents that are required to establish one's identity at the time of opening of savings bank account, fixed deposit, mutual fund, insurance, etc.

What is KYC in banks?

KYC means “Know Your Customer”. It is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure that banks' services are not misused. The KYC procedure is to be completed by the banks while opening accounts and also periodically update the same.

What are KYC requirements?

KYC stands for Know Your Customer that is required for our customers to proceed with fund management features such as deposit, trade and withdrawals. It is a standard verification process which requires users to provide the following: Proof of Identity. Selfie. Proof of Address.

How many types of KYC are there?

There are two types of KYC:
Aadhaar-based KYC. In-Person-Verification (IPV) KYC.

What is the KYC process?

KYC means “Know Your Customer”. It is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure that banks' services are not misused. The KYC procedure is to be completed by the banks while opening accounts and also periodically update the same.

Can KYC be done online for SBI?

SBI KYC Online: Nowadays, Know your customer or KYC has become an important part of the banking system as per the RBI's norms. SBI has mentioned the list of documents that are required to be submitted while complete know your customer (KYC) norms on its official website - onlinesbi.com.

How is e KYC done?

Below are the steps involved in the e-KYC process:
Fill the details on karvyonline.com. Submit scanned images of the documents. Complete IPV (In Person Verification) process over video call. Digitally Sign the document.

What is e KYC in banking?

Electronic Know your Client or e KYC is the way of resident authentication used by organization like Banks, Aadhaar allows the residents to submit it as an address proof electronically which is valid as a Xerox copy of Aadhaar Card.

What is e KYC in PAN card?

There is a paperless facility called e-KYC and e-sign where your Aadhaar details will be used. You don't have to upload images such as photo, signature or other supporting documents. Your Aadhaar photograph will appear in your PAN if you use the e-KYC and e-sign facility.

How do I complete KYC online?

Below are the steps involved in the e-KYC process:
  1. Fill the details on karvyonline.com.
  2. Submit scanned images of the documents.
  3. Complete IPV (In Person Verification) process over video call.
  4. Digitally Sign the document.
  5. Account activation.

What is KYC as per RBI?

Reserve Bank of India has issued regulatory guidelines on Know Your Customer (KYC) norms / Anti Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) from time to time. This Master Circular has been placed on the RBI website (rbi.org.in).

Can I open bank account without aadhar?

So no one can open a bank account in your name without your verification through biometric/OTP etc. If however, a bank account is opened by accepting Aadhaar without biometric or OTP authentication and other verification, then the bank will be held responsible for any loss.

How do I get EKYC?

Below are the steps involved in the e-KYC process:
  1. Fill the details on karvyonline.com.
  2. Submit scanned images of the documents.
  3. Complete IPV (In Person Verification) process over video call.
  4. Digitally Sign the document.
  5. Account activation.

What is officially valid documents?

“Officially Valid Document” (OVD) means the passport, the driving licence, 9proof of possession of Aadhaar number, the Voter's Identity Card issued by the Election Commission of India, job card issued by NREGA duly signed by an officer of the State Government and letter issued by the National Population Register

What is e KYC account?

e-KYC is a process which electronically verifies your personal details and photo identity through Aadhar based biometric authentication such as fingerprint. Why is it important? According to RBI and SEBI guidelines, KYC (Know Your Customer) procedure is mandatory for all bank accounts and mutual fund investments.

Which documents are required for opening SBI account?

Documents Required to Open SBI Savings Account
Proof of identity - Passport, Driving license, Voter's ID card, etc. Proof of address - Passport, Driving license, Voter's ID card, etc.

Is PAN mandatory for bank account?

Aadhaar, PAN cards mandatory for opening bank accounts, says RBI. The Reserve Bank of India (RBI) has made Aadhaar and PAN cards mandatory for opening bank accounts. The updated circular said Aadhaar and PAN numbers must be quoted for new bank accounts.

How can I open a bank account without any documents?

These six documents are Passport, Driving Licence, Voters' Identity Card, PAN Card, Aadhaar Card issued by UIDAI and NREGA Job Card. You can submit any one of these documents as proof of identity. If the document also contain your address details, then it would also be accepted as 'proof of address'.

Is Aadhaar Ovd?

Banks can use Aadhaar for KYC with customer's consent: RBI. Form 60 is required to be submitted by an individual who does not have a Permanent Account Number (PAN). The RBI further said that 'Proof of possession of Aadhaar number' has been added to the list of Officially Valid Documents (OVD).

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