TIOL-DDT 1761 · Tuesday, 27 December 2011 · story 5 of 5
Know Your Customer Norms – Letter issued by Unique Identification Authority of India (UIDAI)
By Vijay Kumar
RESERVE Bank of India has decided to accept the letter issued by the (UIDAI) as an officially valid document for opening of accounts. It is reiterated that while opening accounts based on Aadhaar also, NBFCs must satisfy themselves about the current address of the customer by obtaining required proof of the same as per extant instructions.