Wednesday, September 10, 2014

RBI initiative for KYC awareness


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 as these measures have not been given adequate publicity and the common man still lacks awareness on the basics of opening a bank account.
In order to address these issues, create public awareness and give wide publicity to these KYC simplification measures, Reserve Bank has issued a Press Release together with a poster and a booklet comprising a few common questions relating to Know Your Customer (KYC) norms for opening bank accounts.

Press release

http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=31935

Booklet

http://rbidocs.rbi.org.in/rdocs/content/pdfs/IEPR410K0814_B.pdf

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