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Change / address in KYC in bank is different from Aadhaar card, then affidavit will have to be given for address proof.

Change / address in KYC in bank is different from Aadhaar card, then affidavit will have to be given for address proof.


Utility Desk:

Aadhaar card is mandatory for opening a bank account. In this case, people who live far from their hometown to work, have trouble opening a bank account at their current address. To tackle this problem, the central government has changed the rules. No longer need to provide separate address proof to open an account or update KYC. Now all he has to do is give his affidavit with his address. The bank has to fill in the KYC form to open the account. The bank has all the information of its customers through this form..

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Under this process, customer transactions are monitored. This makes it easy to monitor money laundering or any kind of criminal activity. According to a notification issued by the government on Wednesday, a person residing at a different address than the original address will have to submit an affidavit for the current address. This decision will benefit those whose Aadhaar card has their original address. But they want to open a bank account at their current address, where they live because of their jobs