LPG providing companies ask the KYC documents from the
customers. There is a huge numbers of customers to the LPG and hence, companies
extends the time limit for providing the documents and KYC form from 31-10-2012
to 15-11-2012
What is KYC?
KYC is know your customer. Companies need to have the
customer latest ID proof, signature and latest photo.
Why LPG companies require it?
There is a huge subsidy on LPG cylinder providing by the
government of India. Because LPG cylinders are used in kitchen work. Government
provides almost 45-50% subsidy on gas cylinders. There is a huge black-market
of LPG cylinders in India. So in order to provoke the black marketing and
reduce the burden of subsidy, LPG providing companies need to update the KYC
rules.
Also there are multiple connections on one name in the oil
companies list. Companies need to check it and discontinue providing the
subsidy cylinders to the person who has multiple connections with the same name
or at the same address.
So in order to check the multiple connection as well as stop
the black marketing of LPG cylinders, one need to full the KYC norms till 15
November 2012 after which the companies stop proving the gas cylinders to the
customers who haven’t fulfill the KYC norms.
What to do for KYC norms?
It’s simple. One need to get a KYC forms of the gas
distributor company (can be download from below link), fill the form, attach a
address proof and a latest photo and
submit to the gas providing agency along with the GAS passbook. The distributor
will check the form and the document and mark in the gas passbook as KYC received.
KYC form for Bharat Gas is here
KYC form for HP gas is here
KYC form for indane gas in here
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