KYC & AML policy

Last updated: 28 October 2026

We follow the RBI Master Direction on KYC and the Prevention of Money Laundering Act, 2002. Our Principal Officer is Punit Jain (compliance@goremit.in).

Individuals — currency notes and forex cards

PAN; passport (photo page and address page); Aadhaar (front and back) or another officially valid address proof; the full round-trip air ticket; visa where the country needs one; mobile number and email.

Students: the above, plus the admission letter (I-20 for the USA, CAS for the UK) and a declaration that currency notes are only for personal living expenses. Fees are paid by bank transfer.

Selling currency back: PAN and passport; the Currency Declaration Form if you are selling notes worth more than USD 5,000 brought into India.

Remittances

PAN, address proof and purpose documents (admission or fee letter, hospital estimate, relationship proof), as required by the bank.

Companies and other organisations

PAN of the organisation; certificate of incorporation or registration; memorandum and articles (or partnership deed, LLP agreement or trust deed); GST registration certificate if registered; board resolution or authority letter naming the persons who may transact; PAN and identity proof of those persons; and a beneficial ownership declaration. For each business trip: a request letter on the company's letterhead, the traveller's passport (both pages), PAN, visa and round-trip ticket. Payment must come from the company's bank account.

We screen customers against UN and domestic sanctions lists, may ask for source of funds, and report cash and suspicious transactions to FIU-IND as the law requires. We may decline any transaction where we suspect misuse.