January 12, 2015

What are the KYC Documents required for Account opening in Bank?

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What are the documents to be given as ‘proof of identity’ and ‘proof of address’ for opening a Saving account in Banks?

The Government of India has notified six documents as ‘Officially Valid Documents (OVDs) for the purpose of producing proof of identity. These six documents are:

1.      Passport
2.      Driving Licence
3.      Voters’ Identity Card
4.      PAN Card
5.      Aadhaar Card issued by UIDAI
6.      NREGA Card

You need to submit any one of these documents as proof of identity. If these documents also contain your address details, then it would be accepted as as ‘proof of address’. If the document submitted by you for proof of identity does not contain address details, then you will have to submit another officially valid document which contains address details.

So, Banks couldn't deny to open a saving bank account, if you just submit any single document like voter ID, Driving Licence, Aadhaar Card, NAREGA Card where both Identity as well as address are mentioned.