My domestic help does not have a proof of id or address proof but wants to open a bank account. What’s the solution?
Almost all major Indian banks now offer Basic Savings Bank Deposit Account (BSBDA), or in other words, a zero balance account. No penalty will be levied and you can use your BSBDA account as a normal savings account.
A zero balance Savings Account is one where the account holder is free to operate the account without the need to maintain a minimum balance. This type of Savings Account is offered by banks under the Pradhan Mantri Jan Dhan Yojana (PMJDY) – a scheme from the Government of India with a mission of financial inclusion.
Under the Jan Dhan account, the following documents are accepted.
- Voter’s Identity Card issued by Election Commission of India.
- Job card issued by NREGA duly signed by an officer of the State Government.
- Letter issued by the Unique Identification Authority of India containing details of name, address and Aadhaar number, or
- Any other document as notified by the Central Government in consultation with the Regulator:
Provided that where simplified measures are applied for verifying the identity of the clients the following documents shall be deemed to be officially valid documents:
- Identity card with applicant’s Photograph issued by Central/State Government Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, and Public Financial Institutions;
- Letter issued by a Gazetted officer, with a duly attested photograph of the person.
You can get a letter from a Gazetted officer for your domestic help and he/she can open a Jan Dhan account.
Want to check out Savings Accounts? Click here.