Guidelines issued for bank account: The Reserve Bank of India (RBI) keeps on changing the rules and other things related to the bank from time to time. In this series, RBI has made several changes in the rules related to bank account. RBI updated information regarding KYC (Know Your Customer) of customers. The central bank updates the KYC of citizens from time to time. According to the central bank, a new KYC process can be completed in person at a bank branch or online using the Video-based Customer Identification Process (V-CIP).
No need to go to bank to update details
It was informed that if the KYC documents submitted to the Bank do not comply with the officially recognized documents, a fresh KYC process or documentation may need to be done. At the same time, according to earlier statements given by RBI Governor Shaktikanta Das in December 2022, customers do not need to visit the bank to update their information.
update online
The governor said that customers can complete their re-KYC online. Banks should regularly update the customer identification documents of their account holders in compliance with RBI KYC norms. Since banks are required to keep their records updated and relevant by reviewing and updating them from time to time, there may be a need to undertake a fresh KYC process or documentation in certain circumstances, including the KYC documents available in the bank records Huh.
Bank has two months time
In an official release, the RBI said that in certain situations, banks should offer confirmation of receipt of KYC documents or a self-declaration provided by the customer.
Additionally, the Customer may provide a revised or updated address through any of these channels if there is only a minor address change. Thereafter, the bank will have to verify the revised address within two months.
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