Legal Question in Banking Law in India

i am a six year old customer of bhandarkar road branch, pune, of hdfc bank they are asking for renewal of kyc. they accepted my pan card as my identity proof but refused to take Gas card for address proof. they are asking to produce 5 money receipts of gas delivery alongwith the gas card. i don't think that the money receipts are required to submit alongwith the Gas card. moreover i have purchased a NEW gas connection and have misplaced the money receipts [i have refilled the gas cylinder twice only]

please tell me the factual position. is it necessary to produce 5 money receipts alongwith Gas card for address proof for kyc at any bank?


Asked on 4/09/13, 10:45 am

3 Answers from Attorneys
Santosh Goswami,Advocate sure shot legal

There are certain KYC norms which are mandatory.So, they are probably correct in demanding that. Along with card, sub,it an affidavit if that is acceptable otherwise you have to wait for 5 months.

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Answered on 4/09/13, 11:32 pm
Jayesh Desai Jayesh Desai

In the alternative you can submit Passport copy, Driving License, Electricity Bill etc., ask the bank to suggest alternatives.

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Answered on 4/10/13, 3:50 am
J. Radhakrishnan independent Practice

In order to comply with Know your customer guidelines, the bank is seeking the particulars/documents. Produce any one of the documents on each count and close the chapter.

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Answered on 4/10/13, 12:53 pm


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