Are rent agreement a valid address proof

I scrolled through the rbi website and found that Rental Agreement or Lease deed is a valid address proof for opening a bank account. Now, whether Private banks or Government banks, none of them accept rent agreement as a valid proof of address.. I also read an article, It mentioned that rent agreement is valid address proof for bank account. So, my question is Are banks not supposed to these guidelines set by rbi? Or are they entitled to set their own conditions

Answers (1)

193 votes

Hi, banks are supposed to follow the guidelines set by RBI. If the Rent agreement is registered by the State Government of similar registration then it is valid address proof as per the guidelines of the RBI.
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