This sounds to be very scary and crazy at the same time. How do you feel when the banks ask you to register your religion to operate or open a new account in the banks? Especially the minority communities who always feel that they are the target of all the regulations made in the country. If the existence of such regulation makes us feel insecure consider the situation once it is made a mandatory rule in our country. There are many reports in the media about the new initiative taken up by the Reserve Bank of India, what is the fact? let’s take a look at this report.
The report published by The Print, says that the Indian Banks may ask the depositors and customer to list their religion to operate the exiting account or for the new account opening. The information may be required after the Reserve Bank of India made changes to a banking law that allows selected non-residents to open bank accounts and own property, the report said.
The information may be required after the Reserve Bank of India made changes to a banking law that allows selected non-residents to open bank accounts and own property, the report said. Muslims from those countries were excluded, as were atheists and people from other neighbouring countries or regions such as Myanmar, Sri Lanka and Tibet, the paper said.
The reason behind the information being surfaced in the media is due to the implementation of the Citizenship Act which resulted in creating a split between minority and Hindus.
The Fact Check
The implementation of the CAA resulted into creating huge chaos in the country and the people decided into two sections Minority and Hindus. Although the citizenship act is no threat to any religion in the country the opposition made it look like that way for their personal gains.
The introduction of CAA made the Muslim community feel that they will be barred from the country which is completely wrong. There is a common feeling that the citizenship Amendment Act will require the people to prove their citizenship, but it is not a fact at all. The people living in the country for the decades will not have to prove their existence but the migrants who are entering into the country from the weak borderlines is the major target of the new amendment.
Before the amendments to the banking law, a foreigner could open accounts regardless of religion or country of origin. Foreigners who resided in India for more than six months and who were not the citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal, or Bhutan, previously were able to buy residential property, said the Times India Report.
The Finance Secretary when contacted by the media denied the existence of any such regulations and rubbished the information calling it baseless. On Saturday while talking to Economics Times Mr Rajeev Kumar, the Secretary of Finance said that there is no such development and the Rumours are baseless.
“There is no requirement for the Indian citizens to declare their religion for opening/ existing Bank account or for New KYC. Do not fall for baseless rumours about any such move by Banks,” Kumar said in a late evening tweet.
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 @PIB_India @DDNewsLive @PTI_News @FinMinIndia @PMOIndia
— Rajeev kumar (@rajeevkumr) December 21, 2019
So as far as the statement of the Finance Secretary is concerned the above information is just the rumour until it’s proved otherwise. What are your views on this? Do you have any strong information that will prove the report published in the Print is authenticated?