New Delhi: The Finance Ministry on Saturday said no Indian citizen has to mention religion for opening an account in banks.Also Read - Your Demat, Trading Accounts Will be Deactivated if KYC Not Updated by July 31 | Details Here
Banking and Finance Secretary Rajiv Kumar, in a tweet, said: “No Indian citizen has to disclose his/her religion for opening a bank account, for old account or for KYC formalities.” Also Read - 7th Pay Commission Latest News: Will Centre Hike Dearness Allowance From September? Big Announcement Expected Tomorrow
He has asked bank customers not to believe in such rumours and fake news. Also Read - GST Council Special Session To Be Convened To Discuss Compensation-Related Issues: Sitharaman
This clarity comes after media reports stated banks may soon seek details of client’s and depositor’s religion in the KYC form following changes in FEMA Act regulations while opening an NRO (non resident ordinary) account.