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Facilitating opening of bank accounts for flood affected

To provide relief to the large number of persons who have been affected by unprecedented floods in Maharashtra the State Government is arranging to issue cheques ranging from Rs. 50,000 to Rs.2.00 lakh to affected persons, who may or may not be having bank accounts and would therefore need to open bank accounts quickly. With a view to provide immediate succour to the calamity affected persons banks have been advised by the Reserve Bank to observe minimum formalities for enabling such persons to quickly open bank accounts. The accounts may be opened with

a) introduction from another account holder or

b) documents of identity such as voter's identity cards, driving licence, identity cards issued by a company, school, college, etc. along with a document indicating the address such as electricity bill, ration card or

c) introduction by two neighbors who have documents as at (b) above or

d) any other evidence to the satisfaction of the bank.


Related Stories

RBI instructs banks to liberally extend its relief package for Maharashtra
Mumbai Collapses on 26th July 2005, due to unprecedented rains


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