Kyc for opening a saving account

Recently I visited a nationalized bank in Hyderabad to open a saving account for my sister, submitted her PAN card copy as DI which is as under

Sangeeta

Sobhraj Khurana

It is understood that the first line of PAN card is the name and second Line is father’s name.

She wanted to open the bank account as “ Sangeeta Sobhraj Khurana

Unfortunately the bank not allowed this, they said the account tile to be only “Sangeeta” without the father name and surname in continuation. According to them as per the KYC the details printed on the pan card is only the account holder’s name.

I can not understand this despite the father’s name appeared clearly on PAN Card why a person can not use her name being the full name.  If KYC is really such that or the bank is apprehensive.

Please advise.

Replies (1)

I think so, Bank is correct. The name which is written in ID proof  only can be shown as name in Bank Account. So firstly u have to amend your sister's name in Income Tax dept, then u can use the full name.

 

Regards,

Harish Bansal

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