Notifications

(45 kb)
StCBs/DCCBs -KYC guidelines - Accounts of Proprietary Concerns

RBI/2010 -11/195
RPCD.CO.RF.AML.BC. No.20/07.40.00/2010 -11

September 13, 2010

The Chief Executives of
all State and Central Co-operative Banks

Dear Sir,

Know Your Customer (KYC) guidelines - accounts of proprietary concerns

Please refer to our circular RPCD.CO.RF.AML.BC. No. 83/07.40.00/ 2009-10 dated May 12, 2010 advising banks to lay down criteria in their customer identification procedure for opening accounts of proprietary concerns.

2.  In this connection, it is clarified that in addition to the documents listed in paragraph 2(i) of our circular referred to above for opening a bank account in the name of a proprietary concern, banks may also accept any registration/licensing document issued in the name of the proprietary concern by the Central Government or State Government Authority/Department.  Banks may also accept IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT as an identity document for opening of bank account.

Yours faithfully,

(B.P.Vijayendra)
Chief General Manager


2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
Archives
Top