PSU Bank asking landlord for KYC documents before leasing a flat for residential use by bank employee

[Lakshmidude886]

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Lakshmidude886
PARTICIPANT
April 22, 2025 at 1:08 am

Do PSU banks ask landlords for KYC documents before leasing a flat for residential use by its staff? Why should the landlord give his aadhar and pan to bank when the aadhar and pan will be required while registering the agreement?

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[Amanfalcon858]

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Amanfalcon858
PARTICIPANT
April 22, 2025 at 1:48 am

Yes, they do. Bank will create agreement with landlord and bank as the parties. My wife’s bank even asks for sale deed copy.

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[Silentrajnish997]

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Silentrajnish997
PARTICIPANT
April 22, 2025 at 1:50 am

Yes

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[Kushalbro328]

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Kushalbro328
PARTICIPANT
April 22, 2025 at 4:37 am

Not a lawyer.
For the paperwork. Agreement has these details.

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[Supercharu1957]

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Supercharu1957
PARTICIPANT
April 22, 2025 at 5:24 am

Absolutely 👍. Not just banks. All PSUs.

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[Coolhero9584]

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Coolhero9584
PARTICIPANT
April 22, 2025 at 5:47 am

Kotak pretty much did the entire verification procedure they do for loans just to rent a property for their branch. 

Document verification, legal opinion, etc. 

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[Urbanfox4601]

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Urbanfox4601
PARTICIPANT
April 22, 2025 at 7:15 am

Branch lease and staff accommodation lease are different. Staff accommodation lease does not require that much verification.

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[Urbanfox4601]

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Urbanfox4601
PARTICIPANT
April 22, 2025 at 7:14 am

Check the internal guidelines. Banks now even as for account details and transfer the amount directly to landlord. Check that too. Landlords are not comfortable with account transfer many a times.

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