A new order has been issued as the Reserve Bank of India has said that bank customers should go to the bank branch to update their KYC details by December 31.
It is important to note that every customer has to provide the bank with a Know Your Customer (KYC) which contains the bank customer’s identity, address and personal details.
It is also worth noting that these KYC details are obtained by banks to ensure that the service provided to their customers is not misused.
It is important to note that KYC is essential when opening a bank account and investing in mutual funds and every time customers need to update this basic information.
In this situation, the Reserve Bank of India has said that December 31 is the last date for updating or updating the KYC details. It was informed that bank customers should approach in person and provide KYC details otherwise the bank account will be blocked.
In this situation, Reserve Bank of India Governor Shaktikanta Das has now made an important announcement about KYC. Accordingly, the bank should not call the customers directly to get the details and instead the KYC updates can be submitted through the video call of the banks.
It has also been informed that instead of submitting KYC details in person, submission can be made through email, phone, ATM, net banking or letter.
It is also worth noting that details such as passport, driving license, Aadhaar card, voter ID card will be accepted in the KYC details. It has also been said that if the bank customers change their address, instead of updating in person, they can also update through e-mail, telephone, Netbanking and if these documents are not submitted within the specified period, the bank accounts will be blocked.