General procedure to open a Bank account:
• The Bank will provide you with details of vari¬ous types of accounts that you may open with the Bank.
• You can have your choice on what type of ac¬count would best suit you, based on your needs and requirements
• The Bank will, prior to opening an account, re¬quire documentation and information as prescribed by the "Know Your Customer" (KYC) guidelines issued by the RBI and or such other norms or proce"dures adopted by the Bank prior to opening the account.
• The due diligence process that the Bank would follow, will involve providing documentation verifYing your identity, verifying your address, and information on your occupation or business and source of funds. As part of the due diligence process the Bank may also require an introduction from a person acceptable to the Bank if they so deem necessary and will need your recent photographs.
• The Bank is required by law to obtain Perma¬nent Account Number (PAN) or General Index Register (GIRl Number or, where you do not possess such registration, declaration in Form No. 60 or 61 as speci¬fied under the Income Tax Rules.
• In the event that the account opening process is likely to take longer than normal, the Bank will inform you of the revised timeline.
• You can also call your branch or the executive for any queries that you may have and the branch / executive will revert on the query at the earliest.
• The Bank will provide you with the account opening forms and other relevant material to enable you open the account. Bank personnel will advise you on the complete details of information that would be required by the Bank for the verification process.
• The Bank reserves the right, at its sole discretion, [0 open any account and at such terms as the Bank may prescribe from time to time
