IMPHAL, Aug 22: The PIB has said in a press release that the Aadhaar Card is a valid proof for the opening of a bank account under the Know Your Customer (KYC) scheme.
RBI vide its circular dated September 28, 2011 has advised banks to accept the Aadhar letter issued by Unique Identification Authority of India (UIDAI) as an officially valid document for opening bank accounts without any limitations applicable to small accounts, it said.
Further, the RBI has also advised the banks vide its circular dated December 10, 2012 that if the address provided by the account holder is the same as that on Aadhaar letter, it may be accepted as a proof of both identity and address, it said.
Aadhaar is a 12 digit identity number of a particular individual. The Aadhaar document will be used as identity and address proof all over the country, it said.