Opening of Account
The customer has to produce two photographs, separate documents for verification of identity and address. The KYC requirements are as under
- If the address on the document submitted for identity proof is same as that declared by the customer in the account opening form, the document shall be accepted as a valid proof of both identity and address.
- If the address indicated on the document submitted for identity proof differs from the current address mentioned in the account opening form, a separate proof of address should be obtained. For this purpose, a rent agreement indicating the address of the customer duly registered with State Government or similar registration authority shall also be accepted as a proof identity and address.
- Accounts under this Scheme can be opened for the eligible persons either under their own names (individual capacity) or in joint names or with minors.
- The holders of Basic Savings Bank Deposit account will not be eligible for opening any other saving bank deposit account in the bank.