Documents needed for Credit Card application in India

A Credit Card comes with a lot of benefits. You can avail easy credit in case of an emergency. It can help you maintain a higher credit score by regularly repaying your dues. This, in turn, can help you get faster loan approvals. Other benefits of Credit Cards are travel upgrades, cheaper deals on e-commerce websites, and cashback and more.

These reasons along with the ease and convenience of payment that Credit Cards offer make them highly coveted. Here is the detailed list of the documents required for a Credit Card if you are a resident salaried individual, resident self-employed individual, student or an NRI.

Documents required for Credit Card application for resident salaried individuals

If you are a resident salaried individual, you receive a regular monthly income from your company, and your primary location is in India. To initiate a Credit Card application, here are the following documents you will need:

Identity proof

When applying for a Credit Card as a resident salaried individual, you need to provide photocopies of any identity proof documents, such as Aadhaar Card, PAN Card, driving licence, voter ID card, or passport.

Address proof

You are required to submit photocopies of documents that act as address proof, including an electricity bill, ration card, passport, driving licence, telephone bill, last two months' bank statement, or voter ID.

It is essential to ensure that the address on the ID matches the one entered in the application.

Income proof

To support your Credit Card application, you must provide documents like the latest payslip, Form 16, or income tax return documents to prove your income.

Age proof

Proof of age is necessary for the Credit Card application and can be shown through documents like a tenth-standard school certificate, birth certificate, passport, or voter ID card.

Other documents

In addition to the above, you'll need to provide a photocopy of your PAN card and may be required to fill out Form 60.

While banks may ask for photocopies of these documents, they can request the originals for verification.

Also Read: How to get a Credit Card in 3 easy steps

Documents needed for a Credit Card for resident self-employed businessman/professionals

As a self-employed businessperson or professional applying for a Credit Card, it is essential to have the necessary documents in order. Here is a list of documents a resident self-employed business needs to furnish when applying for a Credit Card:

Identity proof

You can provide documents such as your Aadhaar card, PAN card, driving licence, voter ID card, or passport to prove your identity. Having at least one of these documents is a prerequisite for applying for a Credit Card.

Address proof

For address verification, you can submit documents like an electricity bill, ration card, passport, driving licence, telephone bill, last two months' bank statement, or voter ID. Ensure that the address on your submitted proof matches the one you provided in your Credit Card application.

Income proof

You can provide either your income tax returns with a computation of income or certified financial documents. Proof of business continuity and your PAN card may be required to establish your financial stability.

Age proof

To confirm your age, documents like a tenth-standard school certificate, birth certificate, passport, or voter ID card are accepted. Providing one of these documents is necessary to meet age verification requirements when applying for a Credit Card.

Documents required for Credit Card application as a student

When you're applying for a Credit Card as a student, these are the documents you must have to be eligible to get a Credit Card:

Identity proof

You will need to provide one of the documents from an Aadhaar card, PAN card, driver's licence, voter ID card, or passport to verify your Identity.

Address proof

To verify your address, you can choose from a ration card, passport, driving licence, telephone bill, or voter ID as proof of your address. The address should match as provided in the application.

Age proof

To confirm your age, you can use one among these documents: a tenth-standard school certificate, birth certificate, passport, or voter ID card.

Enrolment proof

In addition to the above documents, you may also need to prove that you are enrolled with a college. Accepted documents include an identity card, admission slip, or a study certificate from your college or university.

Having these documents ready will help you smoothly process your Credit Card application as a student.

Documents required for NRIs to apply for Credit Cards

When it comes to applying for a Credit Card as a Non-Resident Indian, you can use your passport or driving licence as part of your Credit Card documents for identity proof.

Proof of address

To verify your address in India for mailing purposes, you can provide any one of the documents like a passport, voter ID card, driving licence, lease/rent agreement, utility bills (not more than 3 months old), original bank account statement, or title deeds of property.

These documents serve as proof of your address within India.

Proof of income

When your mailing address is overseas, you will have to submit proof of income. Such individuals have to furnish all the documents including a passport, driver's licence, lease/rent agreement, utility bills, overseas bank statement, government-issued ID card, Credit Card statements, company appointment letter, or company ID card.

These documents help establish your income when your address is outside India.

Also Read: Credit Card without income proof

Documents Required to Apply for Forex Card

A forex card is a prepaid travel card that you can apply for whenever you are travelling abroad, using your chosen foreign currency. The required documents may vary depending on your traveller category.

Salaried or Self-Employed Travellers

If you wish to obtain a forex card as a salaried or self-employed individual, you must submit your PAN card, passport, visa, travel ticket, and form A2.

Student Travellers

If you are a student applying abroad, you must provide your passport, form A2, an appointment letter, admission letter, or University ID Card, and a passport-size photograph.

These documents ensure a smooth and secure forex card issuance process.

FAQs

What is FATF?

FATF, or the Financial Action Task Force, is an international organisation combating money laundering and financing terrorism. If you are an NRI customer residing in a country member of FATF, you can have your documents attested by an overseas banker licensed to operate in that country.

In non-FATF-affiliated countries, NRI customers must have their documents attested by an Indian consulate or a foreign notary.

Is it mandatory to submit an ITR for the Credit Card application?

Yes, it is essential to submit your ITR when applying for a Credit Card. These documents are required to establish proof of income. The bank cannot proceed with the Credit Card application without these verifications.

What should I do if I am an NRI and I do not have my passport for document verification?

If you are an NRI customer and unable to submit your passport, you can provide documents such as your driver's licence or appointment letter as proof of identity.

What are the documents that can be accepted by the bank for age proof?

The bank accepts various documents as proof of age, including a tenth-standard school certificate, birth certificate, passport, and voter ID card.

Is it mandatory to submit any documents when applying for a Credit Card?

Yes, it is mandatory to submit specific documents when applying for a Credit Card. These documents are necessary to verify your proof of income, residential address, and identity. The bank will not proceed with your Credit Card application until these details are verified.

Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.