UBI KYC Form - Description
Dear readers, here we are offering UBI KYC Form PDF to all of you. Let me tell you whether it is Union Bank or SBI, filling KYC form of any bank is not a difficult task. Before establishing any banking relationship the Bank shall carry out due diligence under the “Know Your Customer” (KYC) guidelines issued by the Reserve Bank of India (RBI) and such other norms or procedures as may be adopted by the Bank. And today we are going to tell you about Union Bank’s KYC form and also tell you how you can easily fill Union Bank’s KYC form without any mistake without taking any help. Reserve Bank of India has prescribed that the customer identification data including photograph shall be updated in case of low risk customers. I think Union Bank of India’s KYC Form requires you to fill your information at least, as compared to other banks. I have written it in such a way that you can easily fill your Union Bank of India KYC Form by looking at it.
UBI KYC Form PDF Overview
For the purpose of KYC policy, a ‘Customer’ is defined as:
- A person or entity that maintains an account and/or has a business relationship with the Bank;
- One on whose behalf the account is maintained (i.e. the beneficial owner);
- Beneficiaries of transactions conducted by professional intermediaries, such as Stock Brokers, Chartered Accountants, Solicitors etc. as permitted under the law; and
- Any person or entity connected with a financial transaction which can pose significant reputational or other risks to the bank, say, a wire transfer or issue of a high value demand draft as a single transaction.
The Bank before establishing any banking relationship will carry out due diligence as required under “Know Your Customer” (KYC) guidelines issued by the Reserve Bank of India (RBI) and or such other norms or procedures adopted by the Bank.
You can download UBI KYC Form PDF by clicking on the following download button.