KYC Documents for Companies and Businesses

SUCCESS Understanding CKYC Verification Central KYC Registry (CKYC) is a centralised government database maintained by CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest of India) containing verified KYC records of individuals and entities across all financial institutions. CKYC Consent Process

4. Enter your Personal PAN.
5. If CKYC record exists → Enter the mobile number linked to the CKYC.
6. Enter the OTP from CKYC system.
7. Documents are auto-fetched.

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Business Types

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Razorpay supports the following business types:

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Business Type | Description [columWidth=“60”] | Example

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LLP | LLP stands for Limited Liability Partnership. It is a combination of partnership and corporation. The partners have limited liability, which means that the partners’ personal assets are not used for paying off the company’s debts. | Dental offices, auditing firms, financial advising services, business consultancies and so on.

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Partnership | A partnership is an arrangement between two or more people who agree to be the co-owners, distribute responsibilities for running an organisation and share the income or losses the business generates. | Law firms, physician groups, real estate investment firms and so on.

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Private Limited | A private limited company is a business entity held by a small number of people. It does not offer stocks for sale to the general public. | Google India Pvt. Ltd., Parle Products Pvt. Ltd., Malabar Gold Pvt. Ltd. and so on.

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Public Limited | A public limited company is a business entity that has limited liability and offers shares to the general public. | Bharat Heavy Electricals Ltd., Steel Authority of India Ltd., Oil and Natural gas Corporation Ltd. and so on.

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Sole Proprietorship | This business entity is owned, controlled and operated by a single individual who is the sole beneficiary of all profits or losses and responsible for all risks. | Small businesses such as a local grocery store, a local clothes store, an artist, freelance writer, IT consultant, freelance graphic designer and so on.

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Trust | A trust is a fiduciary relationship in which a trustor gives the trustee the right to hold title to property or assets for the benefit of a third party, the beneficiary. Trusts are established to provide legal protection for the trustor’s assets. | A beneficiary may transfer property to a trustee and grant them the right to manage it.

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HUF | HUF stands for Hindu Undivided Family, which consists of all persons directly descended from a common ancestor, including their wives and unmarried daughters. A HUF cannot be created under a contract, it is created automatically in a Hindu Family.| Haldiram’s Private Limited.

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Government Entity | A government entity includes an organisation owned or controlled by the central or state government or UTs. | Ministries, departments, PSUs and regulatory bodies like RBI or SEBI.

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Judicial Person | A judicial person is a non-natural entity recognised by law as having the capacity to have rights and obligations, similar to a human being. | Deities, universities or corporations established under special status.

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Local Authority | A local authority is a self-governing body responsible for local administration in a city, town or village. | Municipal corporations, panchayats and development authorities.

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Section 8 Company | A ‘Section 8’ Company is a type of non-profit company registered under Section 8 of the Companies Act, 2013 in India. | Tata Trusts, Infosys Foundation and Reliance Foundation.

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Individual/Unregistered Businesses | Small businesses being run by individuals that are not yet formally registered. | Professionals, freelancers, influencers, small offline stores or similar entities.

Society | A society is an organisation formed by a group of individuals for the promotion of charitable, educational, religious or literary purposes. They are typically registered under the Societies Registration Act, 1860 in India. | Educational societies running schools/colleges, cultural societies, sports clubs or charitable organisations.

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KYC Documents

Following is the list of Know Your Customer (KYC) documents Razorpay requires, to verify your KYC. You need to upload scanned photocopies (soft copies) of these documents.

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Individual/Unregistered Businesses

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Proof Required | Supporting Documents

Proof of Identity | Auto-fetched from CKYC. However, if CKYC fails, you must provide: - PAN card

• Mobile number

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  Proof of Address| Auto-fetched from CKYC. However, if CKYC fails, you must provide: - Digilocker verification or
• Aadhaar/Photo id/Passport soft copies

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  Bank Details | - Mandatory Bank Account Number
• Mandatory IFSC Code If bank verification fails, a video of a cancelled cheque must be provided.

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Proprietorship

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Proof Required | Supporting Documents

Proof of Business Identity and Date of Incorporation | MUST upload 2 from: - MSME/UDYAM Certificate

• GST Certificate
• Shop & Establishment Certificate
• Import Export Code (IEC)
• Postpaid Mobile Bill

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  Bank Details | - Mandatory Bank Account Number

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  Mandatory IFSC Code If bank verification fails, a video of a cancelled cheque must be provided.

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  Proof of Identity of Business Owners | PAN Card

  Proof of Identity and Address of Business Owners | - Government-approved Proprietor address proof (like Aadhar Card/Voter id/Passport)
• Mandatory Power of Attorney (POA)

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Private Limited/Public Limited

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Proof Required | Supporting Documents

Proof of Business Identity | Auto-fetched from CKYC. However, if CKYC fails, you must provide: - Certificate of Incorporation

• CIN
• Mandatory Memorandum of Association (MOA)
• Mandatory Articles of Association (AOA)

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  Proof of Business Existence | Business PAN

  Bank Details | - Mandatory Bank Account Number

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  Mandatory IFSC Code If bank verification fails, a video of a cancelled cheque must be provided.

  Proof of Identity of Business Owners and Authorised Signatory | For Authorised Signatory: - Authorised signatory PAN Card details
• Government-approved authorised signatory address proof (like Aadhar Card/Voter id/Passport)
• Mandatory Board Resolution (BR) or Power of Attorney (POA) For Business Owners (Self-Declaration): - Mandatory Ultimate Beneficial Owner (UBO) Declaration (Each UBO’s PAN, Aadhar and Ownership % declaration)
• Mandatory Declare all natural persons with >10% shareholding

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Partnership

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Proof Required | Supporting Documents

Proof of Business Identity | - Mandatory Partnership Deed

• Mandatory Partnership Registration Certificate (If Partnership is registered)

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  Proof of Business Existence | Business PAN

  Bank Details | - Mandatory Bank Account Number

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  Mandatory IFSC Code If bank verification fails, a video of a cancelled cheque must be provided.

  Proof of Identity of Business Owners and Authorised Signatory | For Authorised Signatory: - Authorised signatory PAN Card details
• Government-approved authorised signatory address proof (like Aadhar Card/Voter id/Passport)
• Mandatory Power of Attorney (POA) For Business Owners (Self-Declaration): - Mandatory Ultimate Beneficial Owner (UBO) Declaration (Each UBO’s PAN and Aadhar)
• Mandatory Declare all natural persons with >10% shareholding

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LLP

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Proof Required | Supporting Documents

Proof of Business Identity | - Mandatory Certificate of Incorporation/LLPIN/LLP Deed

• LLP Partnership Deed

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  Proof of Business Existence | LLP PAN Card

  Bank Details | - Mandatory Bank Account Number

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  Mandatory IFSC Code If bank verification fails, a video of a cancelled cheque must be provided.

  Proof of Identity of Business Owners and Authorised Signatory | For Authorised Signatory: - Authorised signatory PAN Card details
• Government-approved authorised signatory address proof (like Aadhar Card/Voter id/Passport)
• Mandatory Power of Attorney (POA) For Business Owners (Self-Declaration): - Mandatory Ultimate Beneficial Owner (UBO) Declaration (Each UBO’s PAN, Aadhar and Ownership % declaration)
• Mandatory Declare all natural persons with >10% shareholding

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Government

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Proof Required | Supporting Documents

Proof of Business Identity and Existence | - Mandatory Gazette Notification Certificate

• Mandatory Power of Attorney (POA)

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  Proof of Business Existence | Business PAN Card

  Bank Details | - Mandatory Bank Account Number

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  Mandatory IFSC Code If bank verification fails, a video of a cancelled cheque must be provided.

  Proof of Identity of Business Owners and Authorised Signatory | - Government-approved authorised signatory identity proof (like Aadhar Card/Voter id/Passport)
• Authorised signatory PAN Card details

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Trust

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Proof Required | Supporting Documents

Proof of Business Identity and Existence | - Trust Deed

• Mandatory Trust Registration Certificate (If Trust is registered)

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  Proof of Business Existence | Trust PAN Card

  Bank Details | - Mandatory Bank Account Number

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  Mandatory IFSC Code If bank verification fails, a video of a cancelled cheque must be provided.

  Proof of Identity of Business Owners and Authorised Signatory | For Authorised Signatory: - Authorised signatory PAN Card details
• Government-approved authorised signatory address proof (like Aadhar Card/Voter id/Passport)
• Mandatory Power of Attorney (POA) For Business Owners (Self-Declaration): - Mandatory Ultimate Beneficial Owner (UBO) Declaration (Each UBO’s PAN and Aadhar)
• Mandatory Declare all natural persons with >10% shareholding

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HUF

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Proof Required | Supporting Documents

Proof of Business Identity and Existence | - Mandatory Registered HUF Deed

• Mandatory Power of Attorney (POA)

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  Proof of Business Existence | Business PAN Card

  Bank Details | - Mandatory Bank Account Number

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  Mandatory IFSC Code If bank verification fails, a video of a cancelled cheque must be provided.

  Proof of Identity of Business Owners and Authorised Signatory | - Government-approved authorised signatory identity proof (like Aadhar Card/Voter id/Passport)
• Authorised signatory PAN Card details

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Judicial Person

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Proof Required | Supporting Documents

Proof of Business Identity and Existence | - Mandatory Gazette Notification Certificate

• Mandatory Power of Attorney (POA)

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  Proof of Business Existence | Business PAN Card

  Bank Details | - Mandatory Bank Account Number

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  Mandatory IFSC Code If bank verification fails, a video of a cancelled cheque must be provided.

  Proof of Identity of Business Owners and Authorised Signatory | - Government-approved authorised signatory identity proof (like Aadhar Card/Voter id/Passport)
• Authorised signatory PAN Card details

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Local Authority

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Proof Required | Supporting Documents

Proof of Business Identity and Existence | - Mandatory Gazette Notification Certificate

• Mandatory Power of Attorney (POA)

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  Proof of Business Existence | Business PAN Card

  Bank Details | - Mandatory Bank Account Number

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  Mandatory IFSC Code If bank verification fails, a video of a cancelled cheque must be provided.

  Proof of Identity of Business Owners and Authorised Signatory | - Government-approved authorised signatory identity proof (like Aadhar Card/Voter id/Passport)
• Authorised signatory PAN Card details

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Section 8 Company

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Proof Required | Supporting Documents

Proof of Business Identity | Auto-fetched from CKYC. However, if CKYC fails, you must provide: - Certificate of Incorporation

• CIN
• Mandatory Memorandum of Association (MOA)
• Mandatory Articles of Association (AOA)

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  Proof of Business Existence | Business PAN

  Bank Details | - Mandatory Bank Account Number

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  Mandatory IFSC Code If bank verification fails, a video of a cancelled cheque must be provided.

  Proof of Identity of Business Owners and Authorised Signatory | For Authorised Signatory: - Authorised signatory PAN Card details
• Government-approved authorised signatory address proof (like Aadhar Card/Voter id/Passport)
• Mandatory Board Resolution (BR) or Power of Attorney (POA) For Business Owners (Self-Declaration): - Mandatory Ultimate Beneficial Owner (UBO) Declaration (Each UBO’s PAN, Aadhar and Ownership % declaration)
• Mandatory Declare all natural persons with >10% shareholding

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Society

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Proof Required | Supporting Documents

Proof of Business Identity and Existence | - Society Registration Certificate

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Proof of Business Existence | Society PAN Card

Bank Details | - Mandatory Bank Account Number

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  Mandatory IFSC Code If bank verification fails, a video of a cancelled cheque must be provided.

  Proof of Identity of Business Owners and Authorised Signatory | For Authorised Signatory: - Authorised signatory PAN Card details
• Government-approved authorised signatory address proof (like Aadhar Card/Voter id/Passport)
• Mandatory Power of Attorney (POA) For Business Owners (Self-Declaration): - Mandatory Ultimate Beneficial Owner (UBO) Declaration (Each UBO’s PAN, Aadhar and Ownership % declaration)
• Mandatory Declare all natural persons with >15% shareholding

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Additional Documents

Depending on the line of business, we may also ask for additional certifications.

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List of additional certificates depending on your business category

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Business Category | Certificate

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OTC Products | FSSAI (Ayurveda, Health supplements) documents: Drug license/Pharma license/Form 20/Form 21/Form 20B/Form 21B and AYUSH

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Food Industry | FSSAI

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Herbal (Medicinal Purpose) | AYUSH (Manufacturing license - Form 24D)

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Advisory Firm (Stock Market) | SEBI (Certificate should be in the business name, not an individual’s name)/If the business type is proprietorship in this case - SEBI can be accepted in the proprietor’s name.

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Venture Capital Fund Co. | SEBI (Certificate should be in the business name, not an individual’s name)

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Merchant Banking Co. | SEBI (Certificate should be in the business name, not an individual’s name)

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FOREX | FEMA Registration, FFMC Certificate (State-wise)

Trust | 12A/80G or 10AC Income Tax link (Verify PAN number and entity name). Preferred: 80G or 10AC.- If 10AC is provided: Accept with email consent.

• If 10A is provided: Undertaking letter required.

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  Finance Support (Society Members) | NBFC

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  Gold | 916 Hallmark/BIS Hallmark

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  Silver | 925 Hallmark/Related Certification

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  Platinum | PGI Certificate

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  Diamond | GIA/SGL/IGI/HRD Certificate

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  Gemstone | GII/IGI Certificate

  Insurance | IRDAI- Life Insurance
• General Insurance
• Health Insurance
• Broker: Sample arrangement with any insurer.

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  Mutual Fund | AMFI (Certificate should be in the business name, not an individual’s name)

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  International Travel/Hotel | IATA

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  Travel Agency: International | IATA/Signed copy of the service level agreement with an IATA-certified company

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  Travel Agency: Train Tickets | IRCTC Agency Certificate (Required if not selling flight tickets and IATA not available)

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  Internet Service Provider | TRAI/PMWANI/SLA

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  SMS/Email/Telemarketing Co. | TRAI (For mobile network)/TRAI/PMWANI/SLA

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  Banks/NBFCs/Money Lending | NBFC (Not applicable for Banks)/All types of Banks (including Payment Banks)

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  Pre-paid/E-wallet, Cash/Smart Card | Non-bank PPI, Bank PPI

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  Paper/Gift Voucher | RBI

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  Aircraft Maintenance Related Service | DGCA

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  Flight Operators | Scheduled Operators/Non-Scheduled Operators

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  Chit Funds | Operated by Government or PSU companies post approval from Risk

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  Housing Finance Companies | National Housing Banks

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  Nidhi Companies | Nidhi Certification

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  Gaming | Independent Legal Opinion stating it is a ‘Game of Skill,’ not ‘Game of Luck.’ /Gaming MSA + Undertaking

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  University/Education Sector | UGC Certificate/ICSE/CBSE/AICTE affiliation certificate.

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  Web host/Domain seller | PCI-DSS

  Prescription basis medicines | Pharmacy or Retail/wholesale Drug License, Form 20/21/20B/21B (whichever is applicable).

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Related Information

• Submit KYC details
• Frequently Asked Questions (FAQs)