Do you know what are the basic documents a person requires to open an account?
Submitted by: Muhammad
The RBI has advised banks to follow the Know Your Customer (KYC) guidelines where some personal information of the account holder is obtained by the bank. This information includes: - photograph, proof of identity and proof of address. In 2013, AADHAR cards and MNREGA cards are included in KYC papers. Without these documents a person can't open his account.
Submitted by: Muhammad
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