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The below content is purely for informational purposes and is not intended to constitute advisory of any kind. Please note, these are in-depth articles which are best viewed on large screen devices like laptops, desktops and tablets. The position reflected in this article has been updated as of January 15, 2024.

The Reserve Bank of India (RBI) guidelines require banks to conduct periodic updations for their customers, which in common parlance is known as Re-KYC. Consequently, Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)/Overseas Citizens of India (OCIs) may get notified by their banks to update the KYC of their NRI bank accounts as and when it is due.

In case of minor account holders attaining majority status, the account holder is required to do a fresh KYC.

Did you know?

RBI mandates banks to have a risk-based approach for periodic updation of KYC to ensure that the information collected under customer due diligence is kept up-to-date and relevant. Banks will accordingly carry out periodic updation of KYC based on the prescribed frequency for risk categories.

Essential documents for Re-KYC

Below is a list of indicative documents that may be needed for a Re-KYC for Non-Resident External (NRE)/Non-Resident Ordinary (NRO)/Foreign Currency Non-Resident Bank (FCNR (B)) accounts. Please note that these may differ slightly from bank to bank.

  • Photograph;

  • Valid passport;

  • Valid work permit/employment visa etc.;  

  • PIO needs to submit the duly signed and filled form for declaration of status;

  • Duly filled Re-KYC form;

  • Address proof: Valid driving licence/Voter’s ID/Aadhaar Card etc.;

  • Permanent Account Number (PAN) Card or in the absence of a PAN Card, Form 60 (if applicable);

Additionally, you may require a Foreign Account Tax Compliance Act (FATCA) declaration as applicable for the United States or Common Reporting Standard (CRS) for the United Kingdom, Canada, or any of the 100+ countries that have adopted CRS.

Simple steps to complete the Re-KYC process

You can complete the  periodic updation of KYC for the NRE/NRO/FCNR (B) account in a convenient manner using the digital and physical banking channels of your bank. ICICI Bank offers the list of channels mentioned below.

  • Internet banking: Typically, banks offer the facility of updating KYC through internet banking. You will need to attach the KYC documents in the prescribed format (pdf/jpeg/jpg/png) of your bank.

  • Registered email ID: You can send the scanned copies of the duly filled Re-KYC form and the KYC documents from your registered email ID to the bank. All the documents should be self-attested.

  • At the branch: If you are in India, you can choose to submit the requisite documents in person at your nearest bank branch.

Did you know?

If you open a new NRI account with the same bank where you held a resident savings account or you convert your resident savings account to an NRO account you will require a fresh KYC.

To learn more about the ICICI Bank Re-KYC process, click here. Customers of other banks are requested to check with their respective banks for the required process.


Implications of not completing the Re-KYC process

Your bank will intimate you multiple times to complete the Re-KYC process. In case you still fail to complete your Re-KYC for your NRE/NRO/FCNR (B) account within the stipulated time frame, the bank could temporarily freeze your account. This would typically mean that you will not be able to make any withdrawals/purchases and transfers from your account. Restrictions on your account may also vary based on your bank’s internal policies and regulatory requirements.

However, if you are unable to complete the Re-KYC for NRO/NRE/FCNR (B) accounts due to reasons such as advanced age, illness, or injury, you must inform the bank so that Re-KYC can be conducted through alternate channels.


Banks need to ensure that you update the KYC details for your NRE/NRO/FCNR (B) accounts at regular intervals through a Re-KYC process. In the event of any change in your KYC details, you may need to submit relevant documents again. While banks will send reminders to complete your Re-KYC for as and when it is due, you must ensure completion of your Re-KYC within the due date to avoid discontinuation of your account services.

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The contents of this article/infographic are meant solely for informational purposes. The contents are generic in nature and are not intended to serve as a substitute for specific advice on any matter whatsoever. The information is subject to updation, completion and verification and the applicable norms may keep changing materially from time to time. This information is also not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to applicable laws or would subject ICICI Bank Limited/its affiliates to any licensing or registration requirements. ICICI Bank Limited/its affiliates and their representatives shall not be liable for any direct or indirect losses or liability incurred arising in connection with any decision taken by any person on the basis of this content. Please conduct your own due diligence and consult your financial advisor before making any decision. Terms and conditions of ICICI Bank and third parties apply. ICICI Bank is not responsible for third party services. Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to avail any products/ services of third parties.