As per the notice issued by RBI date Dec 19 ,2012 No Introduction From Existing Account Holder Required Earlier to pen a bank account at new place customer require Introduction from existing customer to that bank .RBI has recently issued a notification and relaxed the condition of introduction by other another customer and now no need to provided introduction by other customer any more. The RBI has, hence, completely done away with this requirement and has specified that banks should not insist on introduction for opening bank accounts of customers.

As of now, banks have been insisting on two separate sets as documents for identity and address proof as per the RBI guidelines despite the fact that documents for identity proof (Passport, PAN Card, Drivers’ Licence etc.) also carry the address of the individual concerned.

This is set to change. As per the latest RBI notification, if the address on the document submitted for identity proof by the prospective customer is same as that declared by him/her in the account opening form, the document may be accepted as a valid proof of both identity and address.

For more info about this Notification by RBI .Please click this