Bank Accounts for Prisoners:
Hon’ble High Court of Gujarat in its order dated 08/05/2018(Annexure-1) has highlighted the difficulties faced by prisoners in opening bank account in the absence of any documents for identity proof and residential proof.
Considering the fact that prisoners may also be in genuine need of banking facilities and they have limitations in their free movement, it is necessary to make some arrangements whereby such prisoners could open and operate their bank accounts without any difficulty. Accordingly, when approached by a prisoner or by jail authorities for opening a bank account for a prisoner, the Branch shall:
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a) In the absence of prescribed KYC documents, open a ‘Small Account’ on production of a self-attested photograph and affixation of signature or thumb print, as the case may be, on the form for opening the account, as stipulated in sub rule (5) of Rule 9 of the Prevention of Money Laundering (Maintenance of Records) rules, 2005 (PML Rules)
Small Account means a savings account in which:
- The aggregate of all credits in a financial year does not exceed rupees one lakh;
- The aggregate of all withdrawals and transfers in a month does not exceed rupees ten thousand; and
- The balance at any point of time does not exceed rupees fifty thousand.
This limit on balance shall not be considered while making deposits through Government grants, welfare benefits and payment against procurements.
b) In case prescribed KYC documents are provided, open a Savings Bank account as per extant guidelines.
Zonal Office/Branch has to make necessary arrangements, including deputing an official to the jail for obtaining signature/thumb impression or performing biometric authentication of the Aadhaar number of the prisoner with necessary assistance from jail authorities