SBI New Rules: If you are a customer of State Bank of India, then this information can prove to be very useful for you. SBI Reserve Bank has recently started the KYC process. If you are a customer of SBI Reserve Bank. Then KYC is mandatory for you. So that your transaction process with the bank does not stop. And your account remains safe. And also stays away from fraud. Let us know how to do the complete process of KYC.
New rules came for SBI account holders
If someone is an SBI account holder and has not done any transaction in the bank for 2 or 3 years, then it will be mandatory for them to update their KYC. Otherwise, your bank account will be closed. And whatever amount is in your account, the bank will directly transfer it to its account. That is why SBI account holders will be required to complete the KYC process immediately.
The real purpose of this KYC rule of the bank is to identify the bank account holder. If such a situation arises that the bank account holder dies, then his nominee has to do KYC. If the nominee does not do KYC even after giving information, then the bank will deposit all the money or amount in the bank account. And the nominee will not be able to make any claim for the money.
Last date for updating KYC
The last date for getting SBI KYC done is 31st August. During this time you will have to update your KYC. If you do not get your KYC done by the given last date, then RBI will transfer all the deposits in your account to its account. This KYC can also be done online. So without any delay, first get your KYC updated.
Here BHIM can be done through online net banking login. In which net banking login has to be done. Here you will get the option of e KYC. Whatever document is asked from you here. You have to update it there. After this your KYC process will be completed. And you will be able to use your account safely.