Banks Fine With Utility Bills To Open Accounts

However, these documents are not officially recognised as proof of address

- Manojit Saha

At a time when banks are being merged to achieve scale, a large section of customers is still facing difficulty in opening bank accounts, particularly those who have changed cities or location for jobs or other reasons.

Rules mandate that customers have to submit any of the six officially valid documents (OVD) as proof of their present address.

The six OVDs are voter ID, passport, driving licence, letter issued by the National Population Register, NREGA job cards and Aadhaar.