SBI may block your accounts after Feb 28, here’s why

NEW DELHI: The State Bank of India (SBI) has announced that bank may be constrained to freeze accounts if customers fail to update Know Your Customer (KYC) details for hassle-free banking experience within February 28, 2019.

“Bank may be constrained to freeze accounts which are KYC Non-Compliant/ overdue for KYC updations if the required documents are not provided before 28.02.20”, the notice issued by SBI read.

As stated on the Reserve Bank of India (RBI) guidelines, Bank has to update KYC of all customers periodically and accordingly keep on sending notices to customers where KYC Updation is due.

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The bank has also sent SBI alert to the bank account holders to update the KYC verification before the last date.

How to update SBI KYC? 

Bank account holders need to visit visit the nearest SBI branch and submit a copy of any of the following documents that is accepted for the KYC update. 

Here is the list of documents that can be valid to do the SBI KYC update:

Passport
Voter’s identity card
Driving licence
Aadhaar letter/Card
MNREGA card
PAN card
Letter of NPR (National Population Register)
Recent passport size photograph
Mobile number

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