oppn parties Provide Religion in Bank KYC: The Rumour Mills Are Having A Field Day

News Snippets

  • Government data placed in Parliament shows a sharp decline in job creation under its flagship employment generation schemes
  • The government is working to amend the Aadhar Act to make it possible for the Aadhar to be linked with the Voter's ID. Election Commission will simultaneously be empowered to link the two
  • Tapas Pal, former TMC MP, dies of cardiac arrest in Mumbai. He was questioned for his alleged involvement in the Rose Valley scam and gained notoriety for his rape remark in 2014.
  • Bypoll to panchayats in J&K, scheduled for March in eight phases, postponed due to security concerns.
  • Supreme Court says that overhead power transmission lines going through the Desert National Park in Jaisalmer in Rajasthan must go underground to save the Great Indian Bustard and the Lesser Florican
  • Pakistan not placed in FAFT blacklist but kept on the grey list with warning
  • The government is expected to announce duty cuts and other measures to combat business disruption due to coronavirus outbreak in China
  • South-East Asia loses its charm as a tourist destination after the coronavirus outbreak in China, airfares dip to new lows
  • DMK leader RS Bharathi says media is running like the red light area in Mumbai
  • A Delhi court issues fresh warrants for the hanging of the Nirbhaya convicts. Fixes the date for March 3
  • Supreme Court appoints a mediation team to ask Shaheen Bagh protestors to avoid blocking the road and shift to another venue
  • Supreme Court says peaceful protests cannot be denied in a democracy but also says that a balance must be struck as protestors cannot be allowed to block roads
  • Telcos pay part of their dues for AGR after the bashing from the Supreme Court
  • Debbie Abrahams, a Labour MP from UK, who was critical of India's action in Kashmir, not allowed to enter India. She was deported to Dubai from the Delhi airport
  • Sidharth Shukla wins Big Boss 13
Former principal secretary to PM Modi, Nripendra Mishra, appointed to head the temple committee of the Ram Janambhoomi Teertha Kshetra Trust
oppn parties
Provide Religion in Bank KYC: The Rumour Mills Are Having A Field Day

By Linus Garg
First publised on 2019-12-22 17:07:32

About the Author

Sunil Garodia Linus tackles things head-on. He takes sides in his analysis and it fits excellently with our editorial policy. No 'maybe's' and 'allegedly' for him, only things in black and white.

In the midst of the country-wide protests against the CAA and the NRC, the rumour mills are having a field day. Apart from obnoxious memes and fabricated videos on social media, the rumour mongers are also targeting places where it would directly affect the common man, and they are using the traditional media to spread these lies.

Just yesterday, there was a report in the media that claimed that henceforth, everyone wishing to open a bank account will have to provide his or her religion in the updated KYC form that was supposed to have been introduced. This was clearly an attempt to scare the minorities by alluding to the fact that bank accounts could now be segregated according to the religion of the holder.

The finance ministry noticed this and came up with a response immediately. Rajeev Kumar, Secretary, Department of Financial Services, Ministry of Finance, tweeted "There is no requirement for #Indian citizens to declare their religion for opening/ existing #Bank account or for #KYC. Do not fall for baseless rumours about any such move by Banks."

This shows that there is a section of the population in the country that is trying to disturb peace and harmony between communities by spreading lies and rumours. First, the Indian Muslims were made to believe that the NRC would target them. Then they were told that the CAA is against them. Now they were being told that by asking for religion in the KYC form of banks, the government would segregate their bank accounts. All of these are untrue. These rumours are being spread with mala fide intent.  

The government must immediately use the audio-visual media (even the Supreme Court has asked it to explore the possibilities) to explain to the people the provisions of the NRC and the CAA, as also counter malicious rumours as and when they are brought to its notice. It should also explain the reasons for the failure of the NRC in Assam and how it proposes to revamp the model before undertaking the exercise throughout the country. In short, it should do all it can to calm the agitated masses and not allow them to be swayed by whatever they are hearing.