It is decided to implement "Know your Customer Guidelines" in our bank in pursuance of RBI Guidelines and it is also decided to obtain the following documents while opening of new accounts and to apply the same procedure in respect of exisiting account in future.
For identification:following documents to be obtained from individuals
Certificate of incorporation and Memorandum and Articles of associations, resolution of the Board of Directors to open an account and identification of those who have authority to operate the account, Power of attorney granted to its managers, officers or employees to transact business on its behalf, Copy of PAN allotment letter, Copy of the telephone bill, copy of the tin number if any, etc.,
Registarion certificate if registered, partnership deed, Power of attorney granted to operate the account on its behalf and their Addresses and telephone bills in the name of firm or partners.
Certificate of registration if registered, Power of attorney granted to transact business on its behalf any officially valid documents to identify the trustees, settlors, beneficiaries and those holding Power of attorney, founders / managers / directors and their addresses, Resolution of the managing body of the foundation / association, telephone bill etc.,