RBI latest update on KYC norms...answers lot of questions Eg. is - TopicsExpress

RBI latest update on KYC norms...answers lot of questions Eg. is Introduction really mandatory? (answer No); Can a person temporarily living in Chennai with an address proof from a different city open an account in Chennai (answer Yes)....this will be an eye opener for both bankers as well as customers. Very often I have seen bankers themselves get confused with the Introduction clause and impose unnecessary hardship to customers. This set of FAQs by RBI clears many doubts...thanks and kudos to RBI. rbi.org.in/scripts/FAQView.aspx?Id=82

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