SBI Will Block Your Bank Account If KYC Not Updated: This Is How You Can Update Your SBI KYC Easily!
Did you know State Bank of India; India's largest lender is making KYC mandatory for all bank accounts otherwise accounts will freeze!
State Bank of India has issued an important public notice asking customers to complete their KYC to avoid future inconveniences in banking processes. Additionally, SBI has also stated that customers who do KYC (No Your Customer) before 28.02.2020 or submit their documents, their bank accounts will freeze with SBI.
The bank has also sent a message warning to customers who have KYC dues.
Why did SBI take such drastic measures?
As per the provisions of the Money Laundering Act, 2002 and Money Laundering (Maintenance of Records) Rules, 2005 as amended from time to time by the Government of India notified by the Government of India. The Reserve Bank of India (RBI) website states that entities are required to follow certain customer identification procedures while establishing transactions or otherwise transacting on any account-based relationship.
According to the guidelines issued by RBI, thus the bank will have to update its KYC after a certain time and the notice will inform the customers that their KYC is outstanding.
no fear! KYC is not as difficult as it sounds.
The RBI has revised its KYC guidelines and made the National Population Register (NPR) papers a valid document.
If you have received SBI information then go to your nearest SBI branch and provide a copy of one of the following address proof and identity proof documents (either permanent or current) for the KYC process.
KYC for Individuals
- Passport
- Voter ID
- driving license
- Aadhar Card / Letter
- NREGA card
- Pan Card
- NPR letter
- Recent photos
- mobile phone
Like individual customers, all commercial banks, non-banking financial companies, cooperative banks and similar companies are required to complete their KYC process.
For more information about doing KYC, visit the SBI website or visit the nearest SBI branch.
You may also visit my website:SAJEEL MONITOR
My name is Sajeel Ahmad I am a Software Developer, Blogger, Entrepreneur, Digital marketer, Technology, and many more...After completion of my studies in Bhopal, I move to Delhi for my first job. I started working in TCS as a software I am fascinated my page viewer in all languages to read the blog easilyengineer.
Please do not enter any spam link in the comment box. ConversionConversion EmoticonEmoticon