Reg. kyc

parthabandhu guha (Querist) 20 April 2014 This query is : Resolved
Does a pensioner require to submit KYC to his pension drawing branch even after continuing drawing pension for more than 7 years ?

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Devajyoti Barman (Expert) 20 April 2014
Yes, it is a regular process as epr RBI guidelines.

Dr J C Vashista (Expert) 21 April 2014
It is required under RBI instructions

Rajendra K Goyal (Expert) 21 April 2014
Now it is regular process as per RBI guidelines. RBI is imposing heavy penalty on Banks for default.

R.K Nanda (Expert) 21 April 2014
agree with experts.

T. Kalaiselvan, Advocate (Expert) 21 April 2014
As per RBI instructions all the account holders are required to submit KYC details to their bankers.

R.V.RAO (Expert) 21 April 2014
while kyc is a must as per rbi guidelines, even life certificate is also a must to prove that the pensioner or family pensioner is alive.

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