Know Your Customer

Know Your Customer

The RBI as a part of Know Your Customer (KYC) policy has issued several guidelines relating to identification of depositors precautions to be exercised while opening the accounts for new customers and scrutiny/monitoring of large value cash transactions. In the process, customers are advised to submit any one of the following documents from each group as a proof of identity and as a proof of address.

  1.  Proof of Identity
    1. Passport.
    2. Voter Identity Card.
    3. PAN Card.
    4. Government / Defence Identity card
    5. Aadhaar Card.
    6. Driving License with current address
    7. ID Card of reputed employer.
    8. Letter from a recognized public authority / Public Servant verifying the identity and residence of the customer.
  2. Proof of Address
    1. Credit Card / Bank Account Statement (Latest)
    2. Ration Card
    3. Income / Wealth Tax Assessment Order
    4. Electricity Bill
    5. Telephone Bill
    6. Letter from a reputed employer
    7. Letter from a recognized public authority / Public Servant verifying the identity and residence of the customer.
    8. Copies of registered leave and license agreement / Sale Deed / Lease Agreement.

 

Basic Savings

Features

No Minimum Balance, No initial deposit to open the account.

No restrictions like Age, Income Criteria for opening BSBD Account.

All provisions of KYC, AML, PML are applicable.

Passbooks are given free.

Maximum of Four withdrawals in a month including ATM withdrawals;

RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free

No charges for all the above facilities

PMJDY

PMJDY

The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.