IDBI Bank Common Annexure for Individual Customer – CKYCR & FATCA/CRS from Download

The IDBI Bank Common Annexure for Individual Customer (CKYCR & FATCA/CRS) is a mandatory form used to capture standard personal details, establish tax residency, and register information with the Central KYC Registry (FATCA_CRS-… pp. 1-2).

The key points from this document include:

• Mandatory Name Matching: The full name provided must exactly match the submitted Official Valid Document (OVD) to prevent application rejection (FATCA_CRS-… pp. 1, 3).
• Family Details: Providing at least one name among the Father, Mother, or Spouse is mandatory (FATCA_CRS-… pp. 1, 3).
• Disability Tracking: The form includes 20 specialized disability categories (e.g., Blindness, Low Vision, Locomotor Disability) to capture the exact type and percentage of disability alongside the UDID number (FATCA_CRS-… pp. 1, 3).
• Minor Accounts: Guardian details or the guardian’s CKYCR number must be provided for minors, though it is optional if the minor is above 10 years old (FATCA_CRS-… pp. 1, 3).

• Accepted OVDs: Acceptable identity and address proofs include a Passport, Voter ID Card, Driving Licence, NREGA Job Card, National Population Register Letter, or Proof of Possession of Aadhaar (FATCA_CRS-… p. 1).
• Aadhaar Privacy: The bank is required to redact the first 8 digits of the Aadhaar number from all documents before uploading them to the Central KYC Registry (FATCA_CRS-… p. 3).
• Deemed Proof of Address: If the main identity proof lacks a valid current address, customers can submit utility bills (under 2 months old), municipal tax receipts, or official government accommodation allotment letters (FATCA_CRS-… p. 3).
• Different Current Address: If a customer’s current address differs from their Aadhaar card, they can use the “Self Declaration” option after a successful Aadhaar OTP authentication (FATCA_CRS-… pp. 1, 3).

• Foreign Tax Residency: Customers must explicitly declare if they are tax residents in any jurisdiction outside of India (FATCA_CRS-… p. 2).
• Tax Identification Number (TIN): If living abroad, providing the foreign country code, place of birth, and a valid TIN or its functional equivalent is mandatory (FATCA_CRS-… p. 2).
• Reporting Consent: By signing, the applicant authorizes IDBI Bank to share account information and transaction data with domestic and foreign regulators to comply with Income Tax Rules (Section 285BA) (FATCA_CRS-… p. 2).
• Update Timeline: Account holders are legally bound to notify the bank of any changes to their tax residency or personal profile within 30 days of the change (FATCA_CRS-… p. 2).

If you want, I can help you with the next step:

• List the 20 disability codes mentioned in the instructions
• Explain the rules for Foreign Nationals filling out this form
• Detail what happens if you fail to disclose foreign tax residency

Download PDF Click here

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