Aadhaar only valid document to open Bank account
As per sources green signal given by modi government for aadhaar card, it is now became the most important unique identity paper in India. Chairman of UIDAI, Mr nilekani met with the prime minister of India on 8 July and discussed about the importance of the aadhaar card In future prospective, he also gets the for the continuation of aadhaar enrollment, giving adhaar a strong support to stand. After this decision RBI made aadhaar card only valid document to open Bank account.
Moving forward, government of India decided to withdraw the ration card- document given for distribution of subsidized food to the people of below poverty line. Ration card is not a valid document to apply for new bank account. According to new guidelines by RBI, to prevent the outflow of the black money, RBI decided to scrap Ration card, now the aadhaar card, voter id, driving license, nrega card, will be main document required, also aadhar became the kyc document which stand for “know your customers“. Aadhaar is only unique identity document which cannot be duplicated or make another one, if some one tries to make the two aadhaar card with different name, he will be caught in fingers print and iris scan.
Also the new protocol of RBI, customers can apply for small bank account, in which the person won’t require any document, but the transaction amount will be less than 50000 rs, and within 12 month of periods he has to submit the valid proof of document, as many people unable to get a aadhaar card,Almost 60% person have already enrolled for aadhaar but some might didn’t received it, so for this bank made the provisions to submit the eaadhaar copy. As aadhaar card only valid to open Bank account, account can be opened by any