The country’s largest public sector bank, State Bank of India (SBI) has notified that its account holders no longer need to physically visit the bank’s branch for updating their Know Your Customer (KYC) documents, due to the increasing cases of Covid-19 amid the second wave.
Instead, the bank’s account holders can update their KYC online by submitting the required documents via email or post to their corresponding branches.
Customers will not be required to personally visit the branch for the purpose of KYC updation.
Here is everything you need to know about SBI’s online KYC updation.
Steps to Update KYC Online
According to a tweet earlier this month, the State Bank of India had notified its account holders that due to the resurgence of Covid-19 cases, KYC will be allowed to be updated by sending required documents like address and identity proof to the bank branches via email or courier.
The bank also informed that for submission of required KYC documents through email, the customers will have to use only their registered email addresses.
“You may scan and email your KYC documents on the branch email address only if KYC updation is due in your account and the branch has notified you for the same. Please note to send the email from the email ID you have registered with your bank account”, tweeted SBI.
Additionally, RBI Governor Shaktikanta Das has requested banks and regulated entities to not take any strict action against account holders with pending KYC update till December 31, 2021, due to the second COVID-19 wave.
Documents Required for KYC Update
In order to conduct their KYC updation online, account holders will have to submit these documents:
- For those above the age of 18 years, a government-accepted proof of identity and address will be required. This consists of documents like passport, voter ID card, driving license, AADHAAR card, NREGA card and PAN card.
- For minors under the age of 10 years, ID proof of the person operating their account will be required. For independent minors, the documents required will be the same as those for ages above 18 years.
- For Non-Residential Indians (NRIs), passport or residence visa copies will be required. Additionally, the residence visa copies should be attested by foreign offices, notary, the Indian Embassy, officers of correspondent banks whose signatures are verifiable through an authorized branch of the SBI, states DNA.
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