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.
CAclubindia
