As per the SEBI circular (WEB), Clients of Special Category (CSC) are required to provide income proof while opening an account or doing Re-KYC as part of enhanced due diligence. CSC includes the following categories of clients:
- Non-resident Indian clients.
- High net worth clients.
- Trusts, charities, Non-Government Organisations (NGOs), and organisations receiving donations.
- Companies having close family shareholdings or beneficial ownership.
- Politically Exposed Persons (PEP).
- Clients who are publicly known to have questionable reputations.
Acceptable income proof documents
You can submit any of the following as income proof:
- A bank statement with the bank logo and seal in the name of the Zerodha account holder for the last 6 months with an average balance of more than ₹10,000.
- Latest salary slip with gross monthly income exceeding ₹15,000.
- Latest ITR acknowledgement with gross annual income exceeding ₹1,20,000.
- Latest Form 16 with gross annual income exceeding ₹1,20,000.
- Certificate of net worth of more than ₹10,00,000.
- Latest statement of demat holdings with current holdings value exceeding ₹10,000. (Your holdings must not be pledged)
- Latest Fixed Deposit (FD) receipt with a deposit amount exceeding ₹1,00,000.