The Chief Executives,
All Banks/DFIs.
Dear
Sirs/Madam,
PRUDENTIAL
REGULATION M-1- REQUIREMENTS FOR
BANK CUSTOMERS HAVING CNIC WITHOUT PHOTOGRAPH
Please
refer to Prudential Regulation M-1 issued vide BPD Circular
No.10 dated March 29, 2003 and BPD Circular Letter No. 8
dated March 9, 2004 on the above subject.
2.
We are receiving references from banks that some of their
clients have obtained Computerized National Identity Cards
(CNIC) issued by NADRA which do not bear photographs. For
opening the bank accounts of such CNIC holders, in terms
of Prudential Regulation M-1, banks are required to obtain
any other valid document from the customer which bear their
photograph. However, banks may face a situation, where customers
do not have any other valid document which bears their photograph.
3.
In
order to facilitate opening of bank accounts of such customers,
it has been decided that the bank may allow them to open the
accounts, subject to provision of following documents:
(i) A copy of the photograph duly attested by gazetted officer/
Nazim
(ii) A copy of CNIC without photograph duly attested by the
same person who attested the copy of photograph as per Sr,
No. (i) above.
(iii) A confirmation in writing to the effect that they have
no other document bearing their photograph.
4.
The banks/DFIs are advised to ensure that the CNIC and
the photograph are of the same person whose account is
being opened with them. The particulars/CNIC of such persons
must be confirmed from NADRA in writing or through its
“VeriSys” system by the bank/DFI.
5.
All other instructions on the subject shall, however,
remain unchanged.
Please
acknowledge receipt.
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