SBI account holders alert! You may not be able to do transactions after 28 Feb - Here is why
SBI Alert: SBI has issued a notice for all its customer to complete their Know Your Customer requirements; the bank is sending SMSs and email alerts as well to customers
SBI Alert: Do you have an account in the State Bank of India (SBI)? If yes, then this might be an interesting piece of news for you. The SBI has issued a notice for its customers pertaining to the KYC or Know Your Customer requirements.
The bank has appealed to all its customers to complete the KYC requirements to continue with hassle-free services. Completing the KYC norm will help the customers to carry out any future transactions in an easy way. If you will not update your KYC details by 28 February, then there are chances that your account may get closed.
The SBI is alerting all its customers who have not completed their KYC requirements through SMS alerts and emails. Check out if you have received such a message or email from the SBI. Don't ignore it or you will be in trouble.
In the message to the customers, the bank has mentioned that as per the directions of the Reserve Bank of India (RBI), the customers are required to complete the KYC requirements of their accounts.
How to update your KYC
If you wish to update your KYC information, you need to visit the nearest SBI branch. You will be required to submit a copy of your identity proof and your address. The SBI net banking users can update their KYC information online. According to the information available on the SBI website, you will have to submit a government-approved ID and address proof.
Which documents will be considered for KYC requirements?
-- Voter ID
-- Driving Licence
-- MNREGA cards
-- India Post issued Identity card
-- Telephone Bill
-- Electricity Bill
-- bank passbook with photo
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-- Ration card
-- Aadhaar Card
-- PAN Card
-- ITR, water bills and property tax papers
-- Credit card statement
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