SBI May Freeze Your Accounts; Know Why
SBI account holders should update KYC soon, to avoid freezing of the account.
From today, State Bank of India (SBI) account holders will not be able to do transactions in their account, whose "Know Your Customer" (KYC) details are not complete. Earlier, SBI already issued a notice to its account holders about this.
To avoid inconvenience in their banking procedures in the future SBI asked its account holders to submit KYC linked with their bank accounts by February 28.
As the KYC updating due date has already passed, SBI may freeze the accounts of customers who have not updated their KYC.
If you are an SBI account holder, you should update your KYC soon, to avoid freezing of your account.
How to update your KYC in SBI
Visit your nearest SBI branch to update your KYC. For this, you need to carry a copy of identity proof and address proof. SBI net banking users can also update their KYC online as well.
Documents to be used for KYC
SBI accepts several documents for KYC as identity and address proof.
Please find the list below:
Bank Passbook with photo
Identity Card issued by India Post
Pension pay order
Sale deed/ Lease agreement