RBI, banks in talks to strengthen KYC identification format
Banks are in discussion with the Reserve Bank to further strengthen the central know your customer (CKYC) format in order to avoid multiple accounts in the banking system with different KYC identification.
At present, any one of the six documents-passport, Aadhaar, voter’s identity card, NREGA card, PAN card or driving licence-is required towards proof of identity and proof of address to open a bank account.
A senior bank executive told ET that a meeting in this regard was held last week with officials from the RBI.
Read more at: ECONOMIC TIMES
Leave a Reply