Kumari Palany & Co

RBI ease address proof norms for opening a bank account

Posted on: 10/Jun/2014 10:04:41 AM
Migrant workers and transferred employees need to submit only one documentary proof of address (either current or permanent) while opening a bank account, according to the Reserve Bank of India.
 
In a notification, RBI said, “Henceforth, customers may submit only one documentary proof of address (either current or permanent) while opening a bank account or while undergoing periodic updation.”
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