Tuesday, January 15, 2013

SINGLE DOCUMENT HAVING IDENTITY, ADDRESS PROOFS ENOUGH TO OPEN BANK ACCOUNT: RBI

The Reserve Bank of India (RBI) has instructed banks to accept documents such as Passport, PAN Card, Drivers' License, Aadhaar letter and NREGA Job Card as proof of identity and address. 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 Reserve Bank of India (RBI) has also done away with the requirement of introduction from an existing customer of the bank for opening of bank accounts.

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