RBI's new eKYC refresh rule: Customers of the bank can rejoice! For KYC, customers are no longer required to visit bank branches

 RBI's new eKYC refresh rule: Customers of the bank can rejoice! For KYC, customers are no longer required to visit bank branches

You can follow non-face-to-face channel information if there are no details for updating.

You haven't been able to update your KYC yet and don't have time to visit the bank. RBI New Rule for eKyc Refresh. Still, don't panic because it is now possible to complete a new KYC (Know Your Customer) without visiting a bank. The Reserve Bank of India, also known as the RBI, has previously provided this information. KYC can now be completed remotely as well as in person at the bank. It is a video-based remote technique of personalised identification. This enables you to process new KYC via video call while seated at home.

The self-declaration form is required.

RBI has also stated that only one self-declaration form will be sufficient for KYC for a customer who has not had any changes or updates. Along with this, the RBI has also instructed all banks to give their clients other means of self-declaration. so that customers' job can be completed even without KYC.

These are the updated KYC options.

In a news conference, RBI Governor Shaktikanta Das stated that customers are no longer need to visit the bank to update their KYC information. If the customer's information hasn't changed, online Re-KYC can be performed. But at first several clients found the procedure challenging.

RBI advises clients to visit their bank to learn about the options available for re-KYC. Take note of the details they need to update for KYC first. You can follow non-face-to-face channel information if there are no details for updating.

such an update

Customers can complete their KYC for reKYC using their registered cellphone number, ATM, or digital wallet application, according to RBI. You can update the address using any of the methods listed here if there has merely been an address change. After two months, it should be verified whether the information has been updated.