No need to visit bank to update KYC, says RBI

Bank account holders are no longer required to visit their bank branches to update 'know your customer' (KYC) details provided they have already submitted valid documents and not changed their address, the RBI has said.Instead, if there is no change in KYC information,...

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KYC details can be updated by Dec 31; select limited KYC a/cs can be made fully compliant: RBI

 Amid the second Covid-19 wave, the Reserve Bank of India (RBI) asked banks and other regulated financial entities not to impose any punitive restriction against customers for failure to update KYC till 31 December 2021.The RBI has also decided to extend...

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