KYC procedure for opening of Bank Accounts for Foreign students studying in India

Foreign students arriving in India are facing difficulties in complying with the Know Your Customer (KYC) norms while opening a bank account due to non-availability of any proof of local address therefore it has been decided to lay down a procedure for opening accounts of foreign students who are not able to provide an immediate address proof while approaching a bank for opening bank account.

http://www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=8359

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