Individuals with more than 10% entitlement to capital or profits.
Natural persons holding more than 10% of shares, capital, or profits. kotak mahindra bank beneficial ownership form download pdf
To maintain compliance with the and RBI guidelines , Kotak Mahindra Bank requires non-individual entities—such as companies, trusts, and partnerships—to identify and declare their Ultimate Beneficial Owners (UBO) . This process ensures that the "natural persons" who ultimately control or benefit from the account are verified. Download Kotak Mahindra Bank Beneficial Ownership Form Individuals with more than 10% entitlement to capital
Under revised RBI and SEBI norms, the bank must identify individuals who hold a "controlling ownership interest". The thresholds for identification are typically: kotak mahindra bank beneficial ownership form download pdf
You can access and download the official PDF forms directly from Kotak’s portal: