Notifications

(53 kb)
StCBs/DCCBs - KYC Guidelines - Accounts of Proprietary Concerns

RBI/2011-12/511
RPCD.CO.RRB.RCB.AML.BC.No.70/07.40.00/2011-12

April 18, 2012

The Chairmen / CEOs of all Regional Rural Banks/
State and Central Co-operative Banks

Dear Sir,

Know Your Customer (KYC) Guidelines - Accounts of Proprietary Concerns

Please refer to our circulars RPCD.CO.RRB AML.No.67/ 03.05.33(E)/2009-10 dated April 9, 2010; RPCD. CO. RF. AML. BC. No. 83/07.40.00/ 2009-10 dated May 12, 2010 and RPCD. CO. RRB. AML. BC. No.19/ 03.05.33(E)/ 2010-11 dated September 9, 2010; RPCD.CO.RF.AML.BC.No.20/ 07.40.00/2010-11 dated September 13, 2010 regarding customer identification procedure for opening accounts of proprietary concerns.

2. On a review, it has been decided to include the following documents in the indicative list of required documents for opening accounts of proprietary concern:

  1. The complete Income Tax return (not just the acknowledgement) in the name of the sole proprietor where the firm’s income is reflected, duly authenticated/acknowledged by the Income Tax Authorities.

  2. Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern.

Yours faithfully,

(C.D.Srinivasan)
Chief General Manager


2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
Archives
Server 214
Top