Yuva Patrkaar: There is good news for crores of bank customers in the country. Now bank customers will not need to go to the bank branch to get KYC done. Yes, but for this it will be mandatory that you have already submitted Legal Documents with the bank. And your address is also there. Means you haven't changed your address yet. Such bank customers can complete the KYC update from the comfort of their homes by submitting self-declaration through registered email ID, registered mobile number, ATM or any other digital medium.

RBI issued circular

A circular has been issued in this regard by the Reserve Bank of India ie RBI. Information has been given in it. That if there is no change in KYC details. So bank customers can complete the process of KYC again through self-declaration. Banks have been told in the circular of RBI. That they arrange this facility through registered email ID, registered mobile number, ATM, digital medium for their customer to complete the KYC process.

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Bank will verify the declared address within 2 months

If you are a customer of any bank. And you haven't changed your address. And the KYC documents submitted are still valid. So you can give a self-declaration to update your KYC. However, “if only the address has changed. So the customer can submit the revised / updated address through any of these channels. After which, the bank will verify the declared address within two months. At present, many private and government banks have provided the facility of online platform to complete the KYC process.

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