Based on Business Category of Merchant & Depending on the line of business that the merchant is into, We may also ask for additional certifications as followings:
|
Category |
Certificate |
| OTC products (Ayurveda, Health supplements) |
FSSAI |
| Herbal (medicinal purpose) |
Ayush (Manufacturing license - Form 24D) |
| OTC products (Ayurveda, Health supplements) |
FSSAI Certificate |
| Advisory Firm (Stock Market) |
SEBI Certificate |
| Venture Capital Fund Co. |
SEBI Certificate |
| Merchant Banking Co. |
SEBI Certificate |
| FOREX |
FEMA registration, FFMC certificate - FFMC state wise |
| NGO/Trust |
12A/80G Income tax link (Verify PAN number and entity name along with whether exempted for 12A, 80G or both) - 80G is preferred, if not available then 12A to be collected |
| Finance support for society members |
NBFC Certificate |
| Gold |
916 Hall mark / BIS Halmark Certificate |
| Silver |
925 Hall Mark / Related Certificate |
| Insurance |
IRDAI Certificate - Life insurance, General insurance, Health insurance Broker: Sample arrangement with some insurer |
| Mutual Fund Brokers |
AMFI/SEBI Certificate |
| Travel Agency: International Flights/Travel |
IATA |
| Travel Agency: Train Tickets (applicable ONLY if not selling flight tickets) |
IRCTC agency certificate [Required only if IATA not available] |
| Food Industry |
FSSAI Certificate |
| Internet Service Provider |
TRAI Certificate |
| SMS/Email/Telemarketing Co. |
For mobile network - TRAI Certificate |
| Banks/NBFC’s or Money Lending |
NBFC Certificate (NBFC not applicable for Banks) |
| Pre-paid/e-wallet, Cash/Smart Card |
Non-bank PPI Bank PPI |
| Flight operators |
Scheduled operators Non scheduled operators |
| Chit Funds |
Respective State Govt. license |
| Housing Finance Companies |
NHB Certificate |
| Nidhi Companies |
Nidhi Certificate |
| Gaming |
Independent Legal Opinion stating that the merchant is running a ‘Game of Skill’ and not ‘Game of Luck’ Gaming Addendum |
| University/Education Sector |
UGC certificate/ICSE/CBSE/AICTE |
| Branded Products |
Dealership Rights |
| Web host/Domain seller |
AOC for PCI-DSS compliance is must or a self declaration form (in case the merchant does not have PCI-DSS and submits self declaration form, please park such cases to risk team) |
| Gemstone/Diamond |
GII |
| Prescription Basis Medicines |
Pharmacy License, Retail/wholesale Drug License, Undertaking of authorized signatory under Drugs & Cosmetics Act – 1940, Declaration (Form 20, Form 21, From 21B, Form 20B |
| Professional services (Doctors, Lawyers, Architects, CAs and other Professionals) |
Proof of Professional Certification of Promoter - CA: TraceAMember |
| Digital Gold |
Digital Gold SafeGold partnership MMTC PAMP Certification |
