The SBI has allowed KYC (KYC) documents to be submitted via post or mail in view of the difficulties faced by the customers due to the lockdown being implemented at the local level due to the second wave of Corona epidemic.
Account will not close even if KYC is not updated
State Bank of India (SBI), the country’s largest state-run bank, has issued a KYC (via mail or mail) in view of the difficulties faced by customers due to the lockdown being implemented locally due to the second wave of COVID-19 (COVID-19) epidemic. KYC) is allowed to submit documents. On April 30, SBI advised the Chief General Managers of all its 17 local head offices to accept KYC document requests through post or mail without direct presence of the customer in the communications branch once again increasing the cases of COVID-19 infection. Granted Now other public sector banks are expected to do the same.
When do you have to do KYC
KYC updates have to be done by high risk customers at least once in two years, medium risk customers once in 8 years and low risk customers once every 10 years.
In many states, KYC can be updated by sending documents via post to branches in view of local restrictions or lockdown.
Your account will not be closed even if KYC is not updated
It was also asked to ensure that the accounts of the customers are not partially closed till May 31 due to non-updating of KYC. These instructions are applicable with immediate effect.
You will be working from home
All the customers of the bank have tweeted a toll free number in this hour of trouble. According to SBI, there is no need to come to the branch during this difficult time. Most of your work will be done through this toll free number. The toll free number of the bank is – 1800 112 211 and 1800 425 3800.
The country’s largest government bank has also released a hashtag #SBIAppkeSaath. Through this hashtag, the bank wants to ensure its customers that the bank is with its customers in this hour of trouble and they will continue to get the necessary facilities sitting at home. At the same time, the bank keeps providing information to alert its customers from time to time to avoid banking fraud.
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