SBI KYC Update: Customers Don’t Need to Visit Bank Anymore!!
In response to the increasing number of Covid-19 incidents in India, the country’s largest lender has agreed to enable customers to upgrade their KYC details from the shelter of their own homes. The State Bank of India (SBI) has agreed to allow documents for KYC update to be accepted via mail or post.
To their bank branches, from the registered email address to their KYC. It is also said that documents can be sent. SBI Bank has mentioned in the tweet that if your bank has informed you that the deadline for sending KYC documents is coming to an end, you can scan the documents and send an email to your bank branch.
Documents you need to update your KYC details at SBI: SBI customers need to submit any of the following documents to update their KYC documents: 1) Passport, 2) Voter’s Identity Card, 3) Driving Licence, 4) Aadhaar Letter/Card, 5) NREGA Card, 6) PAN Card.
“Please ensure that partial freezing of CIFs due to KYC updation is not done up to May 31, 2021.
In case a minor is under the age of ten, ID proof of the individual who will be using the account (guardian or legal heirs) must be given. When a minor is able to run an account independently i.e. when he or she will reach the age of 18, the standard KYC procedure for identity or address verification will apply.
State Bank of India is India is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. The home loan portfolio of the bank has crossed the milestone of Rs 5 lakh crore. The bank has auto loan book of Rs. 75,937 crore, as on December 31, 2020. With more than 22,000 branches in India and 58,000 ATM or CDM, State Bank of India has the largest in the country.
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