te SBI account holder? Alert! Big relief for state Bank of India customers! No need to visit bank for THIS service | Zee Business

SBI account holder? Alert! Big relief for state Bank of India customers! No need to visit bank for THIS service

The State Bank of India (SBI) has issued an important alert for SBI account holders. India's largest public lender has said that SBI account holders must follow the instruction issued by the bank or their accounts will be frozen. 

SBI account holder? Alert! Big relief for state Bank of India customers! No need to visit bank for THIS service
Apparently, the public sector bank had issued a notification on May 1, asking SBI account holders to get their KYC done without delay. Source: Reuters

The State Bank of India (SBI) has issued an important alert for SBI account holders. India's largest public lender has said that SBI account holders must follow the instruction issued by the bank or their accounts will be frozen. This has to do with KYC of their accounts.  

Apparently, the public sector bank had issued a notification on May 1, asking SBI account holders to get their KYC done without delay. It has said this task has to be completed before May 31, 2021, failing which will lead to freezing of their accounts.  

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This has to be rather seen as a relief as the SBI said that customers can send their documents related to KYC through posts or registered mail without visiting the bank and get their KYC done. The decision has been taken due to surge in Covid 19 cases.  

SBI customers have to send their documents and the bank will later send a message on their phone when their KYC gets updated.  

"Customers will not be required to personally visit bank and also partial freezing of CFIs due for KYC updation will not be done until May 31," said SBI on Twitter  

SBI has extended this facility till May 31 due to coronavirus pandemic. Earlier, the SBI had said that customers must update their KYC before the stipulated time to continue enjoying banking services without any hassle
 

Reported By: ZeeBiz WebTeam
Written By: ZeeBiz WebTeam
Updated: Mon, May 03, 2021
10:11 am
Patna, ZeeBiz WebDesk
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