Do We Need PAN Card To Open Bank Account?

Is PAN card mandatory for KYC?

KYC helps banks verify the identity of a customer and prevent fraud, money laundering, and identity theft.

A PAN Card is, therefore, a mandatory document at the time of getting your KYC process done..

Can I open a bank account without PAN card?

SBI Small Accounts: A Way To Open Bank Account Without Valid KYC Documents. If you over 18 years of age and do not have a valid identity proof or PAN, the State Bank of India (SBI) still allows you to access the banking system.

Is PAN card mandatory for opening bank account in SBI?

The Bank is required to obtain Permanent Account Number (PAN) of the customer or declaration in Form No. 60 or 61 as per the I.T. Act (vide Section 39A) from the person opening the account.

Can we open SBI account online without PAN card?

To open the savings bank account, the customer will require to download YONO app in his/her smartphone instead of visiting a bank branch. Further, only PAN and Aadhaar number are required to open the instant digital savings bank account with SBI.

How can I open a bank account without any documents?

Driving Licence. Voters’ Identity Card. PAN Card. Aadhaar Card issued by UIDAI and.