Tag Archive for 'Know Your Customer'

Banking guidelines for opening and operating accounts in case of individuals with disabilities

For individuals with disabilities, the Reserve Bank of India (RBI) and the Indian Banks Association (IBA) have put in place guidelines for opening and operating accounts. 1. In case of customers who may have lost, say, their arms, toe impressions will be accepted for opening the accounts. Now, if the unfortunate incident has occurred after […]

RBI simplified KYC (Know Your Customer) for Bank Customers

The Reserve Bank of India released a note along with a poster and a booklet comprising a few common questions relating to Know Your Customer (KYC) norms for opening bank accounts. The objective of this is to bring awareness among the general public about the KYC simplification measures taken by the Reserve Bank in the […]