KYC Documents for Companies and Businesses

List of required KYC Documents for companies and business types to register with Razorpay.


Below are the business types supported by Razorpay and the KYC documents required for various businesses.

Razorpay supports the following business types:

Business TypeDescriptionExample
LLPLLP 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.
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Dental offices, auditing firms, financial advising services, business consultancies and so on.
NGOA non-governmental organisation (NGO) is a non-profit group that functions independently of any government. NGOs are organised on community, national and international levels to serve a social or political goal.
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GOONJ – a voice, an effort, Help Age India, Smile Foundation and so on.
PartnershipA 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.
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Law firms, physician groups, real estate investment firms and so on.
Private LimitedA 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.
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Google India Pvt. Ltd., Parle Products Pvt. Ltd., Malabar Gold Pvt. Ltd. and so on.
Public LimitedA public limited company is a business entity that has limited liability and offers shares to the general public.
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Bharat Heavy Electricals Ltd., Steel Authority of India Ltd., Oil and Natural gas Corporation Ltd. and so on.
Sole ProprietorshipThis 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.
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Small businesses such as a local grocery store, a local clothes store, an artist, freelance writer, IT consultant, freelance graphic designer and so on.
TrustA trust is a in which a gives the the right to hold title to property or assets for the benefit of a third party, the . Trusts are established to provide legal protection for the trustor’s assets.
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A beneficiary may transfer property to a trustee and grant them the right to manage it.
HUFHUF 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.
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Haldiram's Private Limited.
Individual/Unregistered BusinessesSmall businesses being run by individuals that are not yet formally registered.Professionals, freelancers, influencers, small offline stores or similar entities.

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

LLP/Private Limited/Public Limited

Proof RequiredSupporting Documents
Proof of Business IdentityCertificate of Incorporation
Proof of Business ExistenceIncome Tax Registration (Company PAN Card)
Proof of Identity of Business Owners and Authorised Signatory
  • Government-approved identity proof (like Aadhar Card/Voter Card/DL/Passport and so on.)
  • Authorised signatory PAN Card details.

Handy Tips

The PAN card details and

address proof, that is, Aadhar Card and Passport should be of the same person.

Partnership

Proof RequiredSupporting Documents
Proof of Business Identity
  • Registered Partnership Deed
  • Any one of Sales Tax Registration Or VAT /TIN Registration Or Shops and Establishments Certificate Or Trade License
Proof of Business ExistenceIncome Tax Registration (Company PAN Card)
Proof of Business Working
  • Current Account Statement (past three months) Or
  • Cancelled cheque Or first page of settlement account
Proof of Identity of Business Owners and Authorised Signatory
  • Government-approved identity proof (like Aadhar Card/Voter Card/DL/Passport and so on.)
  • Authorised signatory PAN Card details.

Handy Tips

The PAN Card details and

address proof, that is, Aadhar Card and Passport should be of the same person.

Sole Proprietorship

Proof RequiredSupporting Documents
Proof of Business Identity and ExistenceVAT Registration Or Shops and Establishments Certificate Or Trade License, TIN Or Sales Tax Registration Or GST Certificate.
Proof of Business Working
  • Current Account company bank statement (past three months) Or
  • Cancelled cheque Or first page of settlement account
Proof of Identity of Business OwnersIncome Tax Registration (PAN Card)
Proof of address of Business OwnersGovernment-approved identity and address Proof of Proprietor (like Aadhar Card/Voter Card/DL/Passport).

Trust/NGO

Proof RequiredSupporting Documents
Proof of Business Identity and Existence
  • Registered Trust Deed
  • Any one of Sales Tax Registration Or VAT /TIN Registration, Trade License and so on.
Proof of Business ExistenceIncome Tax Registration (Company PAN Card)
Proof of Business Working
  • Current Account Statement (past three months)Or
  • Cancelled cheque Or first page of settlement account
Proof of Identity of Business Owners and Authorised Signatory
  • Government-approved identity proof (like Aadhar Card/Voter Card/DL/Passport and so on.)
  • Authorised signatory PAN Card details.

Handy Tips

The PAN Card details and

address proof, that is, Aadhar Card and Passport should be of the same person.

HUF

Proof RequiredSupporting Documents
Proof of Business Identity and Existence
  • Registered HUF Deed
  • Any one of Sales Tax Registration Or VAT /TIN Registration, Trade License and so on.
Proof of Business ExistenceIncome Tax Registration (Company PAN Card)
Proof of Business Working
  • Current Account Statement (past three months)Or
  • Cancelled cheque Or first page of settlement account
Proof of Identity of Business Owners and Authorised Signatory
  • Government-approved identity proof (like Aadhar Card/Voter Card/DL/Passport and so on.)
  • Authorised signatory PAN Card details.

Handy Tips

The PAN Card details and

address proof, that is, Aadhar Card and Passport should be of the same person.

Individual/Unregistered Businesses

Proof RequiredSupporting Documents
Proof of Identity of Business Owners and Authorised Signatory
  • Government-approved identity proof (like Aadhar Card/Voter Card/DL/Passport and so on.)
  • Authorised signatory PAN Card details.

Handy Tips

The PAN Card details and

address proof, that is, Aadhar Card and Passport should be of the same person.

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

List of additional certificates depending on your business categories:

Business CategoryCertificate
OTC products (Ayurveda, Health supplements)FSSAI
HerbalAyush
Advisory Firm (stock market)SEBI
Venture Capital Fund Co.SEBI
Merchant Banking Co.SEBI
FOREXFEMA registration, FFMC certificate
NGO12A, 80G
Finance support for society membersNBFC
Gold916 Hall mark / BIS
Silver916 Hall mark / 925 Hall Mark / Related
InsuranceIRDA
Mutual Fund DistributorsAMFI
International Travel/HotelIATA
Food IndustryFDA
Internet Service ProviderDOT
SMS/Email/Telemarketing Co.TRAI
Banks/NBFC’s# or Money LendingRBI
Pre-paid/e-wallet, Cash/Smart CardRBI
Paper/Gift VoucherRBI
Aircraft Maintenance Related ServiceDGCA
Chit FundsOperated by Govt or PSU companies post approval from Risk.
Housing Finance Company.National Housing Banks.
GamingLegal Opinion by the merchant.
University/Education SectorUGC certificate/ICSE/CBSE/AICTE.
Web host/Domain sellerPCI-DSS
Gemstone/DiamondGII
Prescription basis medicinesPharmacy or Retail/wholesale Drug License, Form 20/21/20B/21B (whichever is applicable).

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