State Bank of India is constantly sending SMS to its customers, which will block the bank account of the people who will take this message lightly. Let us say that the bank is asking its customers to complete the KYC process. Any customer who does not do this work can not do any transaction. Let us state that the Reserve Bank has made Kevai necessary for all bank accounts.
KYC DOCUMENTS – INDIVIDUALS
Individuals (Documents acceptable as proof of identity/address)
Passport
Voter's Identity Card
Driving Licence
Aadhaar Letter/Card
NREGA Card
PAN Card
Any one document towards proof of identity and proof of address (either permanent or current )
Your bank account will be closed
The bank is sending the message
According to the guidelines of the Reserve Bank of India, your account will have to update the KYC documents. For this, you can take the documents and go to the nearest SBI branch. If you do not complete the KYCC process, your account may be blocked on future debt settlement.
If minor is less than 10 years of age, ID proof of the person who will operate the account to be submitted.
In cases where minor can operate the account independently, KYC procedure for identification/address verification as in the case of any other individuals would apply.
Your bank account will be closed
What is KYC?
KYC means Know Your Customer, which means complete information about the customer. It is necessary for all the people to have a kayasee. Creates a trust relationship between Kevy Bank and Customer. If you ever want to invest somewhere and you do not get queasy then you can not even invest.
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