15 days left, 60% KYC target met

To ensure they would not miss the deadline of December 31 for submission of the Know Your Customer (KYC) forms this time, oil companies have outsourced some of the work. The deadline had been extended thrice so far.

Oil companies are making all efforts to push distributors to complete the work ahead of time and this time round have received a good response in the last 15 days. Over 60 per cent of the target has been met.

Officials of the Hindustan Petroleum Corporation Limited (HPCL) have appointed agencies to call up people for submitting the KYC forms and have achieved a target of 3 lakh against 4.8 lakh customers they have in seven districts of the state.

"In the past 15 days, agencies and distributors have been able to cover more than half the customers in Solapur, Sangli, Satara, Kolhapur, Sindhudurg, Ratnagiri and Pune. We should be able to cover the remaining well ahead of time,'' said an HPCL official. In Pune itself with 1.2 lakh customers they have been able to get forms from 80,000.

Bharat Petroleum Corporation Limited (BPCL) that has been reaching out to customers through SMSes, notices and follow up by distributors have managed to collect 1.7 lakh forms against the total 3 lakh identified by distributors who have to submit the forms. "We are putting in all efforts and should be able to cover the remaining before the deadline. If persons still do not turn up I guess they do not exist,''said the official from BPCL.

Indian Oil Corporation Limited (IOCL) has only 10,000 forms left to be collected from their total of 60,000. The drive from December 1 elicited a good response as there has been regular follow-ups from distributors and agencies. We have covered more than 50 per cent,'' said an official.

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