Update UCO Bank KYC Online

KYC is necessary to be updated to keep your bank account active and compliant with RBI guidelines. The process involves submitting your latest identity and address details through online or offline modes.

This blog will walk you through the step-by-step process to update UCO Bank KYC, the documents required, and how to complete it without delays.

Quick Summary:

• KYC update is mandatory to keep your UCO Bank account active and RBI-compliant.
• You can complete KYC online via UCO mBanking Plus/UCOPAY+ app or through offline branch visit.
• Existing customers can update Re-KYC via SMS if there is no change, or by submitting documents if details have changed.
• Special KYC rules apply for NRIs, minors, HUFs, firms, and companies.
• Timely KYC update helps avoid account freezing and ensures uninterrupted banking services.

How to Update UCO Bank KYC Online?

If you are a new customer opening a new account with UCO Bank, you can download the “mBanking plus” app to update the UCO Bank KYC online. Here’s the step-by-step process:

• Open the UCOPAY+ or UCO mBanking plus app.
• After downloading the UCO mBanking app
• Click on new insta account opening
• To initiate the UCOPAY app register as wallet user and then open insta account.
• Enter name, email. mobile no, aadhaar number etc
• Verify using OTP
• Enter PAN details
• Add nominee details
• Submit the form
• Once the account is opened then click on video KYC
• Upload same photo of Aadhaar and PAN card
• Sign on the paper, scan, and upload the image along with a recent photo of yourself.
• Schedule the video call for KYC
• After this, a designated UCO Bank representative will attend you on a video call. To move forward with the UCO KYC, you must show the latest ID proof documents to the bank personnel.
• You must again sign on a paper in front of the official, and they will analyse its authenticity compared to the uploaded sign.

The whole process takes less than 5 minutes and is completely hassle-free. After the call, the bank representative will review all your submitted documents and send a report to the concerned branch for further verification.

Finally, you will receive an SMS notification on your bank-registered number when the UCO Bank KYC verification is completed.

ALSO READ: Bank of Maharashtra KYC

How to Update UCO Bank Re-KYC Online?. 

If you are a existing customer and need to update re-KYC for the concerned account, you can take any of these actions:

No Change in Submitted KYC Documents

• Send an SMS from your account-linked phone number mentioning “REKYC (space) SAME (space) DOB (DD/MM/YYYY)” to 09222200799. 
  For Example: REKYC SAME 11/10/1998
• You will receive a success message and you'll not need to upload documents.
• You must visit the home branch and submit a declaration of “No Change” (Annexures 1 & 4).

If Change in Submitted KYC Documents:

• Complete the declaration of change (Annexure 2) and provide proof of address.
• Submit the documents through email, post, courier, visiting the nearest or Home branch. 

The steps mentioned above apply to individual account holders.

Documents Required for UCO Bank KYC

Account holders must submit all the required documents to receive the UCO Bank OTP for KYC. The document list varies depending on the type of customer.

Here, you can notice the specifics:

1. For Individuals

• An updated Aadhaar card issued by the UIDAI
• PAN card or Form 60 
• Any Official Valid Document (OVD) stating address and personal details
• A recent photograph

Please note: If you have already applied for an Aadhaar card but have yet to receive it, you must submit the application for Aadhaar issuance. This document should not be dated more than 6 months back.

2. For NRIs with no Aadhaar Card

• PAN card or Form 60 as per the updated Income Tax Rules 1962
• One certified copy of any OVD
• One recent photograph

Note: If your OVD does not show the present address details, you must present some documents issued by the Government department of foreign jurisdictions. Also, a letter issued by the foreign embassy or Mission in India is needed as address proof.

3. For Hindu Undivided Families

• ID proof and address proof documents of Karta
• An Acknowledgement letter signed by each adult co-partner of the Hindu undivided family
• PAN card or Form 60, as specified in the Income Tax Rules 1962
• ID proof documents of all adult co-parceners

4. For an Unincorporated Association or Body of Individuals such as Partnership Firms or Unregistered Firms

• Resolution sanctioned by the managing body
• Power of Attorney granted to a person to transact on behalf of the body
• PAN card or Form 60 as amended in Income Tax Rules from time to time
• ID proof and address proof documents of the person who has been granted PoA
• Documents supporting the legal existence of the association

5. For Registered Partnership Firms

• Partnership deed
• Registration certificate
• PAN card (to determine the financial status of the applicant and the nature of the business)
• ID proof and address documents of the partners

6. For Company Accounts

• Certificate of Incorporation
• Memorandum and Articles of Association 
• PAN card
• Resolution with acknowledgement of all the Directors and Power of Attorney granted to its managers, officers and employees to execute transactions on its behalf
• ID proof and address proof documents of the beneficial owners

7. For Proprietorship Concerns

• UIDAI-issued Aadhaar number of proprietor
• PAN card or Form 60 as amended in Income Tax Rules from time to time

Documents Required for Minors - UCO Bank KYC

The UCO online KYC update is straightforward for minors. Here are the few documents you need to present:

• Declaration letter in prescribed format duly signed by the minor
• The candidate’s birth certificate
• ID proof and address proof documents of the natural guardian or individual who will be operating the bank account (in case the minor is below 10 years old)

Minors can also independently operate their account(s). In that case, the KYC verification procedure will demand the same set of documents as applicable to individuals.

ALSO READ: Airtel Payment Bank KYC

UCO Bank KYC Rules & Regulations

On referring to the latest UCO Bank KYC norms, you will notice these clarifications:

• A UCO Bank branch can freeze your account operations if you remain reluctant for too long based on statutory and regulatory rules.
• If you desire to open a joint account with someone who is not closely related, you must go through the KYC verification separately.
• When opening a savings account, UCO online KYC or offline verification is not required for self-help groups. However, the officials of those SHGs should separately submit copies of their ID proof and address proof documents.

In addition to these norms, you may have other queries about the KYC verification. For the best guidance, get in touch with the bank officials.

Why is it Important to update UCO Bank KYC?

It is crucial to complete any re-KYC procedure as: successfully

• RBI mandated periodical KYC updation for all bank account holders.
• UCO Bank guidelines specify that no discrepancy will be tolerated when comparing the submitted ID proof and address details with any updated OVDs.
• Re-KYC is mandatory whenever minor accounts must be converted to major.

UCO Bank KYC Form

To update the changes in your KYC and other banking details, you can submit the updated information by filling out the UCO Bank KYC form. After filling out the details, you must also address the Customer Acknowledgement Copy, which demands the bank official's signature.

Conclusion

Updating your UCO Bank KYC is a quick and important process that helps ensure seamless banking and continued access to all services without restrictions. By keeping your personal and identification details up to date, you not only comply with regulatory requirements but also protect your account from potential misuse.

Whether you choose to complete the KYC update online or by visiting your nearest branch, following the correct steps and submitting the required documents will make the process smooth and hassle-free.

Download