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Wednesday, July 18, 2012

Introduction of the depositor at the time of opening of Saving Account-A Clarification issued by the Directorate

Dear Comrade,
Directorate issued a clarification vide Memo no.109-04/2007-SB dated 10/07/2012 (SB order No.09/2012. It is once again clarified that introduction of the depositor by a person is not mandatory. depositor can be introduced through one of the documents mentioned in the SB order No.30/2002 dated 21/11/2002 and 27/11/2002 or through KYC documents. However, particulars of the document through which introduction was taken should be entered and copy of that document should be attached with SB-3. Introduction through an introducer needs not be insisted now.


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