Pan card for account opening Some Nationalised Banks are compulsorily demanding Pan Card or declaration to that effect. The public notice at some Bank premises reads that failure to give Pan card will automatically result in deduction at source, if the interest payable exceeds Rs10.000= annually. It also needed for withdrawal or deposits above one lakh rupees. Then why are the banks insisting on production of Pan Cards for opening of accounts? The P.M. Jan Dan scheme is facing purposive road blocks to derail the scheme .Crores of rupees in deposits are collected, a target number of accounts are to be opened, but account holder under the scheme is yet to receive the Ru Card, forget about deriving the benefits attached to it How long it will take to obtain the Ru card?
It is clear instruction that only one photo identity and one address proof from the list mentioned are needed. Those staying in rented premises have no House number and address proof becomes a burden, Besides the Aadar Card has both the requirements, but Banks opine that they have not received any circular to consider Aadar Card as sufficient photo identity and address proof .For the moment it serves as only one proof. The EPIC too has address proof and is a photo identity .These are Govt. recognized documents but the obstinate Bank officers create impediments and harass the would be customers. A clear directive is needed so that the poor, illiterate people are not wrongfully denied the right to open bank accounts with either Aaadar card or EPIC card without harassment Nelson Lopes Chinchinim