Introduction is compulsory for all deposit accounts in India.
When an individual or an organization opens a new account with a bank, they are required to provide certain information and documentation to the bank to establish their identity and eligibility to open an account.
This process is known as "customer identification" or "know your customer" (KYC) and it is mandated by the Reserve Bank of India (RBI) to prevent fraud and money laundering.
As part of the KYC process, banks are required to obtain an introduction for the account holder from an existing customer who has been maintaining an account with the bank for a certain period of time.
The introduction is a way for the bank to verify the identity and credibility of the new account holder and to ensure that they are not involved in any illegal or fraudulent activities.