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Why does residential address city matters for issuance of CC, or any bank offers ?

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Critic
BlueFlash

Right now some of us are privileged to work from home and have shifted to native hometown for the time being; however when any bank offers a CC, it specifically asks for current residential city, and because of this it get’s declined !!!
P.S: I am employed in a top tier 1 city, but right now at my hometown which is like a tier 2 city, so whenever I get any such offers, they don’t approve my native address confused

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Deal Subedar Deal Subedar
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Use a friend/relative’s address in work-city.
They will send you back to your home town.

Mobile Guru Mobile Guru
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I think these offers are city-specific
or the local branches from tier 2/3 cities don’t have KYC documentation & verification facilities

Community Angel Community Angel
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Use address of those cities if your friend or relative lives there
Your name
C/O Your friend’s or relative’s name
Their address
Their city
Pin code
Your mobile number

Hunk Hunk
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But how to give address proof document for that address?

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Community Angel Community Angel
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RBI guidelines

Critic Critic
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It depends on each bank’s/card company’s kyc procedure. If they require physical presence at current communication address then no hope but if they only inquire about person on that address for confirmation of identity then it should be fine.

Deal Subedar Deal Subedar
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@BlueFlash

Which Banks’ cc you are interested in?

Critic Critic
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I got a call from Yes bank for pre-approved Yes Prosperity Edge LTF, all was good and criteria matching but at the end, when I told him that I am at my hometown right now and not in my work city, so if possible can they send the card and all to my hometown, he said it’s not possible in general, still will check with his seniors and get back confused

P.S.: I know Yes banks CC are not that great (except their Yes First series CC), but still since they were giving me pre-approved ltf card, so why not laughing

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Deal Captain Deal Captain
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it has got to do with recovery.
a guy will lend a person who stays in such a city where he can send recovery agents and actually recover the amount. 3rd party handles recovery who are active in major cities.

Hunk Hunk
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So v must reside in d serviceable area to get CC? Can’t go with friends n relatives?

Finance Mentor Finance Mentor
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I called SBI CC and they informed me the same thing.. they need curent residential address presence..
Address mentioned on Aadhar is not mandatory for them

Deal Cadet Deal Cadet
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I don’t have any address proof for my current residing address all my address proof is related to permanent address.If I apply for any credit card will they require current address proof?

Critic Critic
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In most cases, yes.

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Like Magnet Like Magnet
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We can even change address in Aadhar by submitting any credit card statement.

Deal Cadet Deal Cadet
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Credit card email statment or paper statement?Email statment will be password protected right

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Deal Cadet Deal Cadet
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Is first page of rental agreement enough for aadhar card address update or do we need to submit the additional pages as well?

Critic Critic
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It’s better to submit all 3-4 pages; you can merge all 3-4 pics in a single pdf and upload.

Critic Critic
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Actually 90 days is the maximum turnaround time hence 3 month cool down.

Rules are in place for Name, DoB & Gender only.

How many times name can be updated in Aadhaar card?
According to UIDAI’s office memorandum, an Aadhaar card holder can now update his/her name in the Aadhaar card only twice.

How many times date of birth can be updated in Aadhaar card?
Date of birth can be updated only once in the Aadhaar card. In addition to that, the change in date of birth will be allowed to the maximum range of plus or minus three years of the date of birth recorded during Aadhaar enrolment.

How many times gender can be updated in Aadhaar card?
According to the memorandum, gender details can be updated only once.

https://m.economictimes.com/wealth/save/aadhaar...

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