SBI KYC 2021 – Here is the step-by-step process
State Bank of India (SBI) allows several documents which can be used by different individuals for the purpose of KYC. Know Your Customer ( KYC)is a process
where banks obtain information about their customers’ identity thereby ensuring that bank services are not misused. The KYC procedure is used when bank customers open accounts. Banks are also required to periodically update their customers’ KYC details. The process of KYC requires banks to collect and verify basic details of customers.
How to update SBI KYC?
Customers have to visit the SBI branch near them and provide a copy of any of the address and identity (ID) proof that is accepted for the KYC update.
Country’s top lender State Bank of India has listed a list of documents acceptable for KYC in case of an individual, minors, NRIs aor small account holders.
Individual account holders are eligible to submit anyone document towards proof of identity and proof of address from passport, voter’s identity card, driving licence, Aadhaar card, NREGA Card and PAN card.
Individuals (Documents acceptable as proof of identity/address)
Voter’s Identity Card
If minor is less than 10 years of age, ID proof of the person who will operate the account to be submitted.
In cases where minor can operate the account independently, KYC procedure for identification/address verification as in the case of any other individuals would apply…..Read More>>