The RBI has issued a draft comment on simplifying KYC rules. The proposed rules will make the bank customers' lives easier in case of periodic KYC updation requirements. The rules also propose the ...

KYC or Know Your Customer is a process used by a service provider or company, such as a bank or a telecom service provider, ...

RBI proposes new KYC rules to simplify bank account updates, extend deadlines, and ease onboarding. Public comments open till ...

KYC Full Form is the Know Your Customer. It is a compulsory check to identify and verify the customer when opening a bank account or performing any other financial process. In simpler terms ...

Punjab National Bank (PNB) PNB has a streamlined process for updating KYC details on Jan Dhan accounts. Branch visit: take your updated KYC documents to the nearest PNB branch. Form and ...

Self-declaration: In some cases, the bank may ask for a self-declaration form. Step-by-step process to update KYC details for PMJDY account Log in to your SBI NetBanking account. Navigate to the ...

RBI proposes that banks offer KYC update services at all branches and via video to reactivate inoperative or unclaimed accounts ...

RBI proposes BCs for KYC updates, self-declaration, and inoperative account activation, seeking public feedback by June 6.