State Bank of India (SBI), whose “Know Your Customer” (KYC) details are not complete, will not be able to do transactions in their account. Earlier, SBI had issued a notice to its account holders in this regard.
SBI had asked its account holders to complete KYC associated with their bank accounts by February 28 to avoid inconvenience in the future in their banking procedures.
As the due date for updating KYC has passed, SBI may freeze the accounts of customers whose KYC is not done.
If you are an SBI account holder and have not done KYC yet, then you should do it without further delay to avoid freezing of your account.
How to update KYC in SBI account
KYC can be updated by visiting your nearest SBI branch. Carry a copy of your identity proof and address proof for this purpose. SBI net banking users can update their KYC online also.
Documents that can be used for KYC
Multiple documents are accepted by SBI as identity and address proof for KYC. Here are they:
-Identity Card issued by India Post
-Pension pay order
-Bank Passbook with photo
-Ration Card…Read more>>