Hello. To tell you what is OVD in banking, it is the abbreviation for Officially Valid Documents. The OVDs act as valid pieces which are accepted by financial institutions as ID proof and address proof for banking purposes. The OVD are used for KYC purposes in India. Let me tell you the accepted OVDs in India by all the financial institutions.
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Officially Valid Documents in India
Here are the documents which are categorised under OVD in India:
Passport
Driving licence
Proof of possession of Aadhaar (as issued by UIDAI)
Letter issued by the National Population Register containing details of name and address.
Voter's Identity Card issued by the Election Commission of India.
Job card issued by NREGA duly signed by an officer of the State Government.
Proof of possession of Aadhaar includes:
Aadhaar letter issued by UIDAI.
E-Aadhaar is only downloaded from the UIDAI website.
Aadhaar Secure QR Code
Aadhaar Paperless Offline e-KYC
If the OVDs you have submitted do not contain the updated address, then, the following deemed OVDs can be submitted for the limited purpose of address proof, which will be valid for 3 months:
Any utility bill, not more than 2 months old.
Property or municipal tax receipt.
Pension or family pension payment orders (PPOs) issued to retired employees by Government
Departments or Public Sector Undertakings, if they contain the address;
Letter of allotment of accommodation from employer issued by State Government or Central Government Departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies and leave and licence agreements with such employers allotting official accommodation.
If you do submit deemed OVDs, valid ones with current address must be submitted within 3 months.
So, that is all I have to say about what is officially valid documents. I hope this helps.
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What is OVD in Banking?
vikas
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3 months
2025-01-31T17:21:39+00:00 2025-01-31T17:21:40+00:00Comment
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