Punjab & Sind Bank FD KYC

What is Punjab & Sind Bank FD KYC?

Punjab & Sind Bank FD KYC involves validating your identity, address, and basic customer information when you open or maintain a deposit account such as an FD. This helps the bank assess risk, prevent fraud, and maintain up-to-date customer profiles. The mandatory process is required not only at account opening but also periodically for existing customers.

How to Complete Punjab & Sind Bank FD KYC? 

Completing the Punjab & Sind Bank FD KYC helps you receive the best FD interest rates. The process can be completed both online and offline. 

For New Customers

Online Process

Step 1: Go to Punjab & Sind Bank’s website and navigate to the Video KYC / Re-KYC section.

Step 2: Schedule or start a video call with a bank officer for KYC.

Step 3: During the video call, present your original PAN card for identity verification.

Step 4: Show your Aadhaar card (or other approved ID) on camera.

Step 5: Sign on a blank white paper in front of the camera for declaration.

Step 6: Use the Aadhaar-linked mobile number so that OHK / OTP verification can work.

Step 7: Once the video verification is complete, your KYC is updated, and you can use your account for FD operations.

Offline Process

Step 1: Visit your nearest Punjab & Sind Bank branch.

Step 2: Ask for and fill out the KYC / account-opening form, including deposit (FD) application.

Step 3: Provide identity and address proof documents from the bank’s valid list.

Step 4: Submit a recent passport-size photograph.

Step 5: Sign the form in front of the branch officer.

Step 6: The bank official verifies your original documents.

Step 7: Once approved, your KYC is updated and your FD account can be opened or linked.

For Existing Customers 

Online Process

Step 1: Go to the Video KYC / Re-KYC page on Punjab & Sind Bank’s website.

Step 2: Use your registered mobile number (must match Aadhaar’s linked number) during the process. 

Step 3: Provide ID proof (PAN or Aadhaar) to the video-KYC agent.

Step 4: Sign on a white paper while on camera for verification.

Step 5: Confirm or update your address, if needed, during the call.

Step 6: Submit the session; the bank will update your KYC records.

Step 7: You will receive a confirmation (via SMS / branch) once Re-KYC is completed.

Offline Process

Step 1: Visit your home branch with your updated identity or address document.

Step 2: Ask for a “KYC Updation / Customer Information” form

Step 3: Fill in your details, and attach self-attested copies of the required proof.

Step 4: Submit the form and proofs to the branch official.

Step 5: Originals will be verified by the branch.

Step 6: Bank updates the KYC in its system (based on its KYC policy).

Step 7: Once updated, your FD and other accounts remain compliant with KYC norms.

Who Can Apply for Punjab & Sind Bank FD KYC? 

The eligibility criteria for Punjab & Sind Bank FD KYC are:

• Individual customers (resident or non-resident) (per KYC norms)
• Joint account holders (for deposit / FD accounts)
• Entities such as firms or trusts opening deposit accounts (KYC norms apply for legal persons)

Documents Required for Punjab & Sind Bank FD KYC

The main documents required to complete the KYC process are:

For New Customers:

• Identity Proof: Passport / Voter ID / Driving Licence / Aadhaar Card.
• Address Proof: Recent Utility Bill (or other valid proof per bank’s list).
• Passport-size Photograph: One recent photo.

For Existing Customers (Re-KYC):

• Original PAN Card or self-attested PAN copy (if used for prior KYC).
• Aadhaar or other proof if your address has changed.
• Any new official document as per bank’s KYC norms. (As per bank’s KYC update policy)

Benefits of Punjab & Sind Bank FD KYC

The benefits of Punjab & Sind Bank FD KYC are: 

• Regulatory Compliance: Ensures your FD is backed by proper KYC, meeting RBI and AML norms.
• Seamless Digital Onboarding: Video KYC lets you complete KYC without visiting a branch
• Periodic Update: Re-KYC ensures your account stays compliant over time, helping avoid restrictions.
• Smooth FD Creation: Once KYC is done, you can open fixed deposits without document hassles.
• Better Access to Bank Services: With KYC updated, you can use digital channels like net banking or branch banking for deposits with more ease.

Conclusion

Completing your Punjab & Sind Bank FD KYC is a simple but essential step to ensure your fixed deposits are safe, compliant, and remain fully functional. By updating KYC via video or branch, you maintain your access to the bank’s FD services and ensure seamless earning on Punjab & Sind Bank FD interest rates.