SBI May Freeze Your Accounts; Know Why

SBI May Freeze Your Accounts; Know Why
SBI May Freeze Your Accounts

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:

 Aadhaar Card

 Bank Passbook with photo

 Driving license

 Electricity Bill

 Identity Card issued by India Post


 PAN Card

 Passport

 Pension pay order

 Ration Card

 Sale deed/ Lease agreement

 Telephone

 Voter ID

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