It is possible to TRANSFER an account from one branch to another branch of the same bank. There is no need to undergo KYC exercise again for such transfer. However, if there is a CHANGE of address, then you will have to submit a declaration about the current address. If the address appearing in the ‘Officially Valid Documents’ (OVDs) submitted for proof of address is no longer your valid address (i.e. neither your PERMANENT address nor your current address), you need to get an Officially Valid Document for Proof of Address CONTAINING the current or the permanent address and furnish the same WITHIN six months. In case of opening an account in another bank, however, you will have to undergo KYC exercise afresh.

It is possible to transfer an account from one branch to another branch of the same bank. There is no need to undergo KYC exercise again for such transfer. However, if there is a change of address, then you will have to submit a declaration about the current address. If the address appearing in the ‘Officially Valid Documents’ (OVDs) submitted for proof of address is no longer your valid address (i.e. neither your permanent address nor your current address), you need to get an Officially Valid Document for Proof of Address containing the current or the permanent address and furnish the same within six months. In case of opening an account in another bank, however, you will have to undergo KYC exercise afresh.