February 15, 2012

SB Order 02-2012 : Taking of KYC Documents for SB Accounts opened without KYC

SB Order No.02/2012
No.113-23/2005-SB
Government of India
Ministry of Communications & IT
Department of Posts
Dak Bhawan, Sansad Marg,
New Delhi-110001.
Date: 10.02.2012
To
All Heads of Circles/Regions
Addl. Director General, APS, New Delhi.





Sir / Madam,

The undersigned is directed to say that after removal of ceilit-size: 10pt;">

2. In case, an amount of Rs.50,000/- or above is withdrawan by cash from any savings account,full KYC Documents are to be taken as per Risk Categorization (based on the balance in Savings Account at the time of withdrawal) if the account was opened without taking any KYC documents. In case the account was opened with KYC documents prescribed for lower category of accounts and thound-origin: initial; font-family:me of withdrawal is more than the amount prescribed for that category,additional KYC documents should be obtained as per the revised category of account.


3. It is requested that necessary instruction may be issued to all field units as well as inspecting/ visiting officers to implement the fresh guidelines.


4. This issues with the approval of DDG(FS)...
(Kawal Jit Singh)
Assistant Director (SB)

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