How to Submit Income Proof on Punch?

A complete guide to choosing, submitting, and troubleshooting income proof during Punch account setup.

Written By Archit Sunat

Last updated About 1 month ago

Why income proof is required

Punch supports options trading, and SEBI regulations require at least one income proof document before your F&O (Futures and Options) segment can be activated. This is a standard compliance step that applies to all brokers in India.

If you choose not to submit income proof right away, Punch will still activate your equity (stocks) segment. You can always submit income proof later to unlock F&O trading.

Accepted documents

You can submit any one of the following:

  • Bank statement — Last 6 months, with at least one credit transaction over ₹10,000.

  • DP (depository) statement — Last 6 months, showing stock holdings worth at least ₹10,000.

  • Salary slips — Last 3 months, with company seal or letterhead and a signature.

  • ITR acknowledgement — From the most recent fiscal year, showing your full name and PAN.

  • Form 16B — From the most recent fiscal year, showing your full name and PAN.

Submitting a bank or DP statement automatically

Punch partners with OneMoney, an RBI-licensed account aggregator, to fetch your bank or DP statement securely using your Aadhaar number. This typically takes about 30 seconds.

  1. On the income proof screen, tap Bank Statement or DP Statement.

  2. Follow the on-screen prompts to authorize OneMoney.

  3. Your statement is fetched and submitted automatically.

Server delays at banks or depositories can occasionally slow this down, but the process usually completes quickly.

Submitting documents manually

If automatic fetching does not work for you, or you prefer a different document, you can upload one of the manual options instead:

  1. On the income proof screen, choose Salary Slips, ITR Acknowledgement, or Form 16B.

  2. Upload a clear, complete copy of the document.

  3. Make sure the name and PAN on the document match your Punch account details.

Minimum requirements at a glance

  • Bank statement — At least one credit of ₹10,000 in the past 6 months.

  • DP statement — Holdings worth at least ₹10,000.

  • Salary slips — Must include company seal or letterhead and a signature.

  • ITR / Form 16B — Must show your full name and PAN clearly.