The full form of OVD depends on the context. It can stand for two main things:
1. Officially Valid Document
In the context of banking and KYC (Know Your Customer) procedures, OVD commonly stands for Officially Valid Document. This refers to government-issued identification and address proof required for verification. Examples include:
- Passport
- Driving license
- Aadhaar card (issued by UIDAI)
- Voter's Identity Card
- Permanent Account Number (PAN) Card
Many banks and financial institutions specify acceptable OVDs for account opening and other transactions. The specific documents accepted may vary depending on the institution and the nature of the transaction. For instance, SBI (State Bank of India) uses OVD in reference to the documents needed for opening savings accounts. Similarly, HDFC Bank also uses OVD in their FAQs about proof of identity and address.
2. Ophthalmic Viscosurgical Device
In the ophthalmological field, OVD stands for Ophthalmic Viscosurgical Device. These are solutions used in eye surgery, particularly cataract surgery. OVDs help maintain the shape of the eye during the procedure and protect delicate tissues. They are categorized based on their properties, such as cohesive or dispersive. The use of OVDs has significantly improved the safety and effectiveness of cataract surgery.
Therefore, the full form of OVD is context-dependent. It's crucial to consider the field of discussion to accurately interpret its meaning.
