# S.

No (Norm) & Description

Chapter - 1 Preliminary - (Norms 1 & 2)
1. Short Title
2. Applicability
General (Norms 3 to 8)
Chapter - II (Definitions, Approvals, Elements of KYC, Directors, Principal Officer & Compliance
Perspective)
3. Definitions
4. Board Approval for KYC policy
5. Elements of the KYC
5A - ML & TF by RE's (5A (a to d))
6. Designated Director
7. Principal Officer
8. Compliance of KYC Norms

Customer Acceptance Policy (CAP) - (Norms (9-11)

Chapter - III (CAP linked to NI Act, BR Act & 28 other Indian Legislations (Civil, Torts, Criminal)

9. RE to frame CAP procedures

10. CAP linked to NI Act, BR Act & Other Legal statutes
11. CAP should not result in denial of service
Chapter - IV Risk Management (Norm - 12 detailing Categorization)
12. (A-B) Categorization of Customers (High, Med & Low)
Customer Identification Procedure (CIP) (Norm 13-14)
Chapter - V (RE role in Origination of CIP and identity Verification)
13. (A-G) Origination of RE role in CIP
14. (A-E) RE process of Identify Verification
Chapter - VI Customer Due Diligence (CDD) Procedure
Process of CDD - Individuals (Norms 15 to 26)
Part - 1 Economic Support Schemes, eKYC (Non Face to face), V-CIP procedures, Small
Accounts Reference and Validity of KYC across the Org.
15. Manual Processes of CDD (Section Deleted - Replaced with EDD)
16. Economic Support Schemes & CDD
17. (i-viii) A/c opened usnig OTP based eKYC (non-Face to Face)
18. (i-iii) REs may undertake V-CIP to carry out
18(a(i-viii)) V-CIP Infrastructure
18(b(i-xiii)) V-CIP Procedure
18(c(i-ii)) V-CIP Records and Data Management
19-22 (Delected Statutes)
23. Reference to Small Accounts & KYC waiver
24. (A-G) Simplified procedure for opening accounts by Non-Banking Finance
Companies (NBFCs):
25 - Deleted
26 - Valid KYC across branches of the same RE
 CDD Measures for Sole Proprietary firms (Norms 27 - 29)
Part - II
Documentation, Vetting Process & Relaxations
27. Mandation of CDD
28. (A-H) Any Two KYC/OVD documents to establish Legitimacy
29. Relaxation process for obtaining CDD of Proprietorship
CDD Measures for Legal Entities (Norms 30-33)
Part - III Ceritified Copies description, Partnerships, Trusts, Unincorporated Bodies & other
Juridical Persons (Societies & Universities)
30. (a-e) Description OF Certified Copies to be obtained
31. (a-d) Partnership Account documentation
32. (a-d) Trust Account Documentation & Link to Income Tax Act
33 A (a-e) - Unincorporated Bodies documentation
33 B (a-c) - accounts of juridical persons such as societies, universities
Identification of Beneficial Owner (Norm 34)
Part - IV
Account Opening of Legal Person who is not a natural person
34. Account Opening of Legal Person who is not a natural person
On-going Due Diligence (Norms 35 to 39)
Part - V
Risk Profiling, Monitoring, Periodicity & tax/fin records
35. Maintaining Consistency with Risk Profile
36. Requirement of Close Monitoring
37. Extent of Monitoring
38. Periodic Updation
39. Taxation details of the Customer in cases of non-individual
Part VI (A) - Enhanced Due Diligence Procedure (Norms 40-42)
Part - VI Video Onboarding, PEP, Intermediaries
Part VI (B) - Simplified Due Diligence Procedure (Norms 43 to 45)
(Self Help Groups & NRI Students)
A - Enhanced Due Diligence
40. Accounts of non-face-to-face customers
41. (a-f) Accounts of PEP's
42. (a-f) Client accounts opened by professional intermediaries
B-Simplified Due Diligence
43. Reference to SHG's
44. Process of Foreign Students
45. Simplified KYC norms for Foreign Portfolio Investors (FPIs)
Record Management (Norm 46)
Chapter - VII
Maintenance, preservation and reporting of customer account information

46. (a-g) maintenance, preservation and reporting of customer account information

Reporting Requirements to Financial Intelligence Unit - India (Norms 47-50)

Chapter - VIII
Reporting, Delays, Robustness of Reports
47. Relation to PMLA 2005 (Rule (3)
48. Reporting Methods and Methodology
49. Norms of Delayed reporting
50. Need for Robustness of Report
 Requirements/obligations under International Agreements
Chapter - IX Communications from International Agencies (Norms 51-54)
Link to SDN, Freezing under Sec 51A of Unlawful Activities Act 1967, Jurisdictions and
FATF linkage

51. (Link to SDN list of FATF) REs shall ensure that in terms of Section 51A of the
Unlawful Activities (Prevention) (UAPA) Act, 1967 and amendments thereto

52. Detailing of Reportable accunts

53. Freezing of Assets under Section 51A of Unlawful Activities (Prevention) Act, 1967

54. (a-c) Jurisdictions that do not or insufficiently apply the FATF Recommendations

Other Instructions (Norms 55 - 71)

CKYC associationship, FATCA, CRS, Banking Transactions (NI Act), Technology
Chapter - X
intervention, Correspondant Banks & Wire Transfers, PAN citing, Training, 3rd party
products, NBFC adherance
55. (a-e) Secrecy Obligations and Sharing of Information
56. (a-j) CDD Procedure and sharing KYC information with Central KYC Records
Registry (CKYCR)
57. (a-f) Reporting requirement under Foreign Account Tax Compliance Act (FATCA)
and Common Reporting Standards (CRS)
58. Period for presenting payment instruments
59. Operation of Bank Accounts & Money Mules
60. Collection of Account Payee Cheques
61. Unique Customer Identification Code (UCIC) issuance
62. Introduction of New Technologies
63. (a-i) Correspondent Banks
64. (a-j) Wire transfer
65. Issue and Payment of Demand Drafts, etc.,
66. Quoting of PAN (provisions of Income Tax Rule 114B)
67. Selling Third party products
68. (a-c) At-par cheque facility availed by co-operative banks
69. Issuance of Prepaid Payment Instruments
70. Hiring of Employees and Employee training
71. Adherence to Know Your Customer (KYC) guidelines by NBFCs
Chapter - XI Repeal Provisions
Annexure - 1 Digital KYC Process (A-M including BC's)
Annexure - II Procedure for implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967.
Annexure - III KYC documents for eligible FPIs under PIS
Appendix List of 253 Circulars of Ministry of Finance, RBI and other Statutory Bodies related to KYC & AML
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revention) Act, 1967.

related to KYC & AML