KYC deep-dive — what a regulated platform may legitimately request.
A regulated Indian rummy platform will request PAN, Aadhaar (or equivalent ID), a current address proof and a bank account statement before permitting a withdrawal above the platform's threshold. Each item has a lawful basis under Indian anti-money-laundering rules.
The four documents
The four-document list is the desk's standard for a regulated Indian rummy platform:
PAN
Required by Section 139AA of the Income Tax Act for any financial transaction above ₹10,000 cumulative per financial year. Without a PAN, the operator cannot process a withdrawal.
Aadhaar (or equivalent)
Required by the operator's customer-acceptance policy under the PMLA. Equivalents include a passport, voter ID or driving licence. The desk treats Aadhaar as the default unless the reader does not hold one.
Address proof
Either piggy-back on the Aadhaar (the address on the Aadhaar satisfies the requirement) or supply a recent utility bill. The desk recommends the Aadhaar option for readers whose Aadhaar address is current.
Bank statement
Either the bank's e-statement download or a stamped letter from the branch. The statement must show the bank account holder's name and match the KYC name exactly.
Storage and retention
The desk's expectations of a regulated platform on document handling:
- Storage. Encrypted at rest, accessed only by the platform's KYC team.
- Retention. Typically seven years after the account is closed, in line with PMLA retention rules.
- Sharing. Never shared with marketing partners; disclosed only where required by a lawful order.
Editor's note
The desk flags any operator that asks for full KYC documentation at sign-up before any account activity as collecting more data than it needs at that step.