HDFC Bank is one of the leading private Indian banking institutions headquartered in Mumbai. As of 2023, it is the world’s 5th largest bank in terms of market capitalisation. Providing an extensive range of banking products and services, the HDFC Bank has established around 8,344 branches across 3,811 cities.
One of the advanced services offered by the bank includes its highly optimised and user-friendly KYC process, allowing customers to easily update their KYC details online. In this blog, we will walk you through a comprehensive guide on HDFC KYC online and other associated details that you need to know.
How to Update HDFC Bank KYC Online?
It takes almost 10 days to complete the entire process of updating HDFC KYC online. Follow the below-mentioned steps to know how you can update your KYC details within a few clicks.
- Step 1: Visit the official HDFC net banking portal and log in successfully.
- Step 2: Click on the ‘Requests’ option.
- Step 3: Update all the required KYC details and submit the self-attested copies of your documents (identity & address proof), recent photograph and PAN details.
- Step 4: Hit the ‘Confirm KYC Details’ tab.
How to Update HDFC Bank KYC Offline?
In case you do not use HDFC net banking, follow the below-mentioned steps to know how to update your HDFC Bank KYC offline.
- Step 1: Go to your nearest branch of HDFC Bank.
- Step 2: Collect the Re-KYC form.
- Step 3: After filling up the form, submit the required self-attested KYC documents such as identity and address proof.
Documents Required For HDFC Bank KYC
If you are soon going to update your HDFC KYC online, keep all the following documents handy to ease your overall updating process.
1. In the case of Indian Residents
Proof of Identity
- PAN Card
- Passport
- Driving Licence
- Aadhaar Card
- Voter ID Card
- Job card issued by National Rural Employment Guarantee Act (NREGA) signed by a state government official
Proof of Address
- Rent/Lease Agreement
- Latest Flat Maintenance Bill
- Latest Bank Statements or Passbooks
- Ration card
- Latest utility bills
In the case of Non-Indian Residents
Proof of Identity
- Valid Indian Passport
- Valid Foreign Passport
Proof of NRI/PIO Status
- Valid VISA (Employment/Residence/Student/Dependent) or Work/Residence Permit
- OCI (Overseas Citizen of India) card /PIO (Person of Indian Origin) Card/PIO Declaration
Proof of Address
- Driving Licence
- Aadhar Card (Indian Address Proof)
- Voter’s ID card issued by the Election Commission of India (Indian Address Proof)
- Job Card issued by NREGA duly signed by an officer of the State Government
- Letter issued by the National Population registered containing details of Name & Address
- Documents issued by the Government Departments of foreign jurisdictions (like OCI/PIO Card, Work/Resident Permits, Social Security Cards, Green Cards etc) (Accepted only in case of foreign citizens holding PIO/OCI cards)
- Letter issued by the Foreign Embassy or Mission in India (Accepted only in case of foreign citizen holding PIO/OCI card)
Other Documents
- PAN/PAN Acknowledgement or Form 60 (in the absence of PAN)
- Passport size photograph
Note: All the documents must be self-attested.
Documents Required for Minors – HDFC Bank KYC
The legal guardian has to attach their KYC acknowledgement documents while updating Re-KYC in the name of the minor.
HDFC Bank KYC Rules & Regulations
Below are some of the basic rules and regulations implied by the HDFC bank for updating Re-KYC via their Internet banking portal:
- You must have an active salary or savings account opened with the bank.
- You will need to undergo a Video KYC process whenever it is considered applicable.
Why Is it Important to Update HDFC Bank KYC?
HDFC KYC holds significant importance as it comes with a variety of benefits. Besides benefits, it helps the bank to prevent misuse of banking services. Here are some of the prime importance of updating HDFC KYC online.
- It is necessary to do HDFC Bank online KYC since failing to do so can lead to temporary suspension of your account operations.
- You will not be able to do online transactions seamlessly with outdated KYC.
- It lowers the risk of illegal banking activities on the online baking platform.
- After updating HDFC KYC online, you can get a higher load and wallet limit of up to ₹1 lakh/month and ₹5 lakhs annually.
- As a user who has updated their KYC details, you can get a maximum HDFC bank transfer limit of up to ₹20,000/day.
- As an HDFC KYC-compliant user, you can add up to 3 payees or beneficiaries in a day and 25 altogether.
- You will get higher P2P transfer limits upon updating your HDFC KYC online.
HDFC KYC Form
HDFC Bank allows their customers to update HDFC KYC online via their net banking portal. You can either mail the duly filled HDFC KYC form online or directly visit your nearest branch. In case you are an NRI, then fill out this form and follow the same procedure.
Final Word
HDFC Bank offers both online and offline Re-KYC facilities to its customers. Through its digital innovations, the bank is constantly working on ensuring optimum banking security. Now that you have a clear idea about HDFC KYC online, navigate through their net banking portal and update your KYC information.
FAQs
From 1st January 2011, completing KYC has become mandatory for every bank account holder.
Yes, HDFC re-KYC is applicable for minors. In this case, the guardian is KYC compliant and has to attach their KYC Acknowledgement while dealing with the bank on behalf of the minor.
No, HDFC Bank does not charge any fee for updating KYC online.
UIDAI offers Aadhaar-based e-KYC that can be used voluntarily by Aadhaar cardholders for authentication and identity verification at HDFC Bank.
Disclaimer
This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.
