The Reserve Bank of India, in the recent times, has been taking several measures to simplify KYC requirements to help the common man open bank accounts. It is, however, observed that despite such measures the general public is still facing problems in opening a bank account
Simplification of KYC Norms - Creating Public AwarenessRBI/2014-15/209
DBOD. AML. No. 3356/14.01.001/2014-15
All Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks /
All India Financial Institutions
Simplification of KYC Norms - Creating Public Awareness
4. Banks may ensure strict compliance of these instructions.
Chief General Manager
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