STOCK MARKET BSE NSE

Plea filed in Telangana HC against SBI for seeking NPR as proof

Advocate Khaja Aijazuddin said that the SBI corporate centre, Mumbai, issued a notification on January 26 stating that KYC updation has to be carried out periodically for all its customers.

Published: 26th February 2020 09:09 AM  |   Last Updated: 26th February 2020 09:09 AM   |  A+A-

The SBI advertisement published recently regarding KYC updation

The SBI advertisement published recently regarding KYC updation.

By Express News Service

HYDERABAD:  A public interest litigation was filed in the Telangana High Court on Tuesday objecting to the State Bank of India (SBI) listing ‘Letter issued by the NPR’ as one of the documents that could be submitted to the bank for ‘Know Your Customer’ (KYC) updation before February 28, failing which the bank would freeze the accounts.

Petitioner Khaja Aijazuddin, an advocate, said the SBI corporate centre, Mumbai, issued a notification on January 26 stating that KYC updation has to be carried out periodically for all its customers. Accordingly, it sent notices to customers to visit the bank and update KYC by providing either Aadhaar/ voter ID/driving licence / passport/letter issued by NPR/Pan card among others.

One of the documents, the ‘Letter by NPR’, which is accepted as proof by the bank, has been challenged as the authority with whom the power has been vested to issue such a letter is under process. In fact, the Centre has decided to prepare and update the population register and carry out enumeration throughout the country between April 1 and September 30, 2020, he added.

The petitioner urged the court to direct the bank to withdraw the condition of producing letter issued by NPR as proof. He stated in the plea that there was no response from the authorities concerned to the notice served by him earlier on the issue.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp