If you have an account with State Bank of India (SBI) and you have not yet completed the process of KYC (Know Your Customer), then this news is of your great use. Without having KYC done, now you will not be able to use your account because SBI has made KYC mandatory from today.
State Bank of India (SBI) has made the KYC process mandatory for its customers. This means that the account will not be able to be used without KYC. SBI has clearly stated that accounts without KYC will be deactivated. If you have not done KYC, then we are telling you that it is KYC and how you can easily handle this important work.
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What happens KYC
The KYC (Know Your Customer) system has been introduced with the intention of making banking more secure. Under this, the account holder has to send his Aadhaar and PAN card to the bank. This work can be handled both online and offline. This system has been started with the intention of clamping down on fake people, to make banking more secure.
How to update KYC online
You can do this work by visiting the official website of whichever bank your account is in. In the update your KYC segment, you have to give the correct information of your name and address and upload the copy of Aadhaar-PAN card. In a few minutes this work can be dealt with very easily while sitting at home, so do not delay at all and update KYC soon.
Offline KYC process
Bank account holders can also tackle this work by visiting their bank branch. For this, you have to go to the bank and submit a copy of Aadhaar and PAN card. Your KYC will be updated when the document is correct. Its information will also be given to you via message on mobile. In today’s era, KYC has become very important for secure banking.
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