A works in a Company and during the year he got transferred from Himachal Pradesh to West Bengal. He wants to open a Bank account in West Bengal but he has no Officially Valid Documents (OVD). What are the documents to b

CS Professional · Banking and Insurance - Laws and Practice · PYQS · December 2024
A works in a Company and during the year he got transferred from Himachal Pradesh to West Bengal. He wants to open a Bank account in West Bengal but he has no Officially Valid Documents (OVD). What are the documents to be deemed as OVD for the limited purpose of proof of Address to be submitted to the Bank?

Answer & Explanation:

The following are the documents to be deemed as Officially Valid Documents (OVD) for the limited purpose of proof of address: Utility bill which is not more than two months old of any service provider (electricity, telephone, post-paid mobile phone, piped gas, water bill). Property or Municipal tax receipt. Pension or family Pension Payment Orders (PPOs) issued to retired employees by Government Departments or Public Sector Undertakings, if they contain the address. Letter of allotment of accommodation from employer issued by State Government or Central Government Departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies and leave and licence agreements with such employers allotting official accommodation.

Topics: Banking Laws and Practice

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