Tuesday, 11 December 2012

RBI easing KYC norms for opening bank accounts

Banks can accept documents such as Passport, PAN Card, Drivers’ Licence, Aadhaar letter, and NREGA Job Card as proof of identity as well as address, according to the Reserve Bank of India. However, this is subject to the address on the document submitted for identity proof by the prospective customer is the same as that declared by him/her in the account opening form.
The single document submission for proof of identity and address is aimed at easing the burden on the prospective customers

opening bank accounts, RBI documents, Drivers Licence, PAN Card, RBI norms for bank account

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