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form 60 submitted for opening account during year 2005.Whether its valid for 6 years.or its even valid today
Replies (8)
In my view it's not valid. Bcoz, after the years bank laws are amended KYC documents...
Futher way you can check it in Bank
As per existing KYC norms followed by banks, all KYC documents of a low risk profile customer is to be updated once in 10 years and so Form 60 given in 2005 is not valid now as it should have been reobtained in 2015 from the customer.
But customer not submitted form 60 or pan card in 2015 rather he updated aadhar card for gas subsidary
| Originally posted by : Aaaaaa | ||
 |
But customer not submitted form 60 or pan card in 2015 rather he updated aadhar card for gas subsidary |  |
Yeah... The bank is satisfied with Aadhaar then no need worries
It is mandatory to obtain PAN or Form 60 from all customers as per KYC norms and if the bank has failed to do so, you may report the account as non KYC complied in the concurrent audit report, if you are doing the concurrent audit of that bank.
But when I asked bank they saying your account linked with form60 on 2015
but I not submitted form 60 in 2016
sir in case form 60 linked while opening bank account.is it again required to fill form 60 for cash deposit above 50000
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