STOP placed in sbi accounts
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sbi is sending many users messages like this here
Dear customer, STOP has been placed on your account xxxx for the reason kyc updation overdue. sbi
customer care says to go to home branch to update kyc which might not be possible for everyone. is there a rbi ruling that kyc documents are valid for xx years and after same period again kyc has to be done? @getready @bohemian
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With a view to easing difficulties faced by common persons while opening bank accounts and during periodic updating, guidelines on ‘know your customer’ (KYC) will be further simplified with immediate effect so that banks:
- do not insist on physical presence of the customer at the time of periodic updating; do not seek fresh proof of identity and address at the time of periodic updating in case of no change in status for 'low risk' customers; allow self-certification; accept a certified copy of the document by mail/post, etc; and
- do not seek fresh documents if an existing KYC compliant customer of a bank desires to open another account in the bank.
get home branch email id and share kyc documents with them in the email
Submit scanned copy of self attested voter id and pan via branch email , they will update it
Also rec the same sms , few months back
How long did it take to get transactions rights back on?
My kyc has been successful as per sms but I still dont have transaction rights yet!
When you need money of dormant accounts and you create them if that many doesn't exist.
When you’re opening an account then everything is online and when you wanna update something then you have to go to the branch. Waah. Hdfc is doing that as well. They are asking for physical docs by post to their headquarters.
yes periodic updation of kyc is required by bank. If there is no change in kyc just send aadhar signed photocopy to branch email Id and request them to update KYC.
https://sbi.co.in/web/home/locator/...ch