Which of the following documents is/are considered as officially valid document to satisfy KYC norms for opening a Bank account?begin{enumerate}item Passportitem PANitem Aadhar number issued by Unique Identification Authority of Indiaend{enumerate}

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following documents is/are considered as officially valid document to satisfy KYC norms for opening a Bank account?

A	Only 1
B	Only 2
C	Only 1 and 2
D	All the above

Explanation:

Detailed explanation-1: -Officially Valid documents (OVDs): The Passport • The Driving Licence • The voter identity card issued by the Election Commission of India • Job card issued NREGA duly signed by an officer of the State Government • Letter issued by the National Population Registrar containing details of name and address.

Detailed explanation-2: -Your Aadhaar Card, Driving License, Voters’ Identity Card, Passport or NREGA card-serves as both, proof of identity and proof of address.

Detailed explanation-3: -As PAN is an income and identity proof for a tax-paying citizen, it acts as an essential document to complete the KYC process.

Detailed explanation-4: -A Know Your Customer (KYC) document refers to formal documentation such as a passport or utility bill, which can verify the identity and address of a customer. Requesting and verifying KYC documents is a mandatory part of customer due diligence for regulated entities.

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