Update ICICI KYC Online 2024 – ICICI Bank KYC

The Know Your Customer (KYC) regulations are important for banks and other financial institutions to prevent fraudulent activities of many kinds. Therefore, India’s leading financial institutions, including ICICI Bank, adhere to these regulations and thereby require all their customers to maintain updated KYC information. 

This article will guide you through the ICICI KYC process, covering both online and offline methods. It will also cover related information including documents required, rules and regulations, and the importance of keeping your KYC up-to-date.

How to Update ICICI KYC Online?

You can update ICICI KYC online via two methods: through Internet banking and iMobile Pay App:

1. KYC Updation through Internet Banking

Here are the steps to follow:

• Step 1: Visit the official website of ICICI Bank and log in to the official Internet Banking portal of ICICI Bank. 
• Step 2: Navigate to the ‘Customer Service’ and click on ‘Service Requests’. 
• Step 3: Select the bank account and request for Re-KYC updation. 
• Step 4: After logging in, check your details carefully and update them if required.
• Step 5: Upload your documents as required, tick the disclaimer button and submit.

2. KYC Updation through the iMobile Pay App

To update KYC with the iMobile Pay App, follow these steps:

• Step 1: Open the app and go to the ‘Services’.
• Step 2: Select the ‘Request for Re-KYC Updation’.
• Step 3: Enter the account number for which the Re-KYC is due.
• Step 4: Select the appropriate declaration box.
• Step 5: Fill out or update your personal information as needed.
• Step 6: Continue the steps to upload your documents and identity proof.
• Step 7: Click on the ‘Submit’ button to complete the process

How to Update ICICI KYC Offline?

Here are the steps to update your KYC offline:

• Step 1: Send scanned copies of the duly filled and signed Customer Information Updation Form with self-attested copies of the KYC documents.
• Step 2: Mail the documents to [email protected] or send the documents personally to the nearest branch of ICICI Bank.

Documents Required for ICICI KYC

Important documents and proof required for ICICI Bank KYC update Include:

1. For Indian Citizens:

Proof of Identity

1. PAN Card
2. Passport
3. Driving Licence
4. Aadhaar Card
5. Voter ID Card
6. Job card issued by National Rural Employment Guarantee Act (NREGA) signed by a state government official

Proof of Address

1. Rent/Lease Agreement
2.  Latest Flat Maintenance Bill
3.  Latest Bank Statements or Passbooks 
4.  Ration card
5.  Latest utility bills

2. For NRIs:

1.  Valid Visa/Work Permit/Residence Permit – applicable for Indian passport holder
2. Overseas Citizen of India (OCI)/ Person of Indian Origin (PIO) card – applicable for persons holding passports issued by a country other than India.
3. In case an OCI/PIO card is not available then a self-declaration (click here) with a document evidencing India Connect.

Other Documents:

1. Photographs
2. PAN or Form 60

ICICI KYC Rules & Regulations

Some of the important rules to keep in mind regarding ICICI KYC update are:

1. All ICICI Bank customers, including Indians, NRIs, and foreign nationals, must complete KYC within the due date.
2. The type of documents required may vary depending on the account type and transaction limits.
3.  Failure to update KYC can lead to account restrictions or closure.
4.  ICICI Bank is obligated to update KYC information periodically.

Why Is It Important to Update ICICI KYC?

The importance of ICICI KYC lies in the following points:

1. Your KYC updation process involves verifying the identity of customers and beneficial owners of associated businesses, ensuring the legitimacy of individuals and entities.
2. It is a protection against money laundering, terrorist financing, identity theft, and fraud through stringent KYC practices.
3. Active monitoring of transactions and account activities enables the bank to swiftly detect and investigate unusual or suspicious behaviour.
4. ICICI Bank collects supplementary information to gain a comprehensive understanding of a customer’s profile, aiding in the identification of specific risk factors.
5. The bank assesses the risk profile of customers based on collected information, helping identify potential risks associated with specific transactions or account activities.

Final Word

Maintaining updated information for ICICI KYC is essential if you want a smooth and secure banking experience. Nowadays, you can utilise both the online and offline methods mentioned above to keep your KYC compliant and enjoy hassle-free banking services. So, if you have your periodic updation due, ensure its completion within the deadline.

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Disclaimer

This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.