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Where the OVD presented by a foreign national does not contain the details of address, in such case the documents issued by the Government departments of foreign jurisdictions and letter issued by the Foreign Embassy or Mission in India shall be accepted as proof of address. When dealing with banking transactions and account verification, you might have come across the term OVD full form in banking. OVD stands for Officially Valid Document , which refers to a set of government-approved identification documents used for KYC compliance in banks. Letter issued by the National Population Register containing details of name and address. If the OVD does not have updated address, the following Deemed OVD ’s can be submitted for the limited purpose of proof of address, which is valid for 3 months. All legal information regarding the current address and legal name of a person is available in OVD . Hence the bank asks to provide the OVD to make the KYC process easy.
