Due to the corona epidemic, many bank related can now be done online. Including KYC. Keeping in mind the Corona epidemic, it was said that there will no longer be a need to visit the branches of State Bank of India for KYC. Customers will be able to get their KYC done while sitting at home. Let us know how one can get KYC done.
Understand the complete process step by step
Step 1- Customers have to send their address proof and identity proof scanned to the official mail id of their branch.
Step 2- Keep in mind that the e-mail is to be sent only from the registered email.
Step 3- If your KYC document is not completed then you send the KYC document online.
Step 4- In the documents which have to be sent, your address proof along with passport, driving license, Aadhar card, NREGA card, PAN card.
Step 5- If the age of a minor is less than 10 years. In such a situation, the identity card of the person who operates that account will have to be given.
Step 6- When the account holder age will be more than 10 years, then they will also have to provide KYC documents like everyone else.
When is KYC
The bank usually asks low risk customers to update KYC every ten years. At the same time, customers with medium risk have to get KYC updated every eight years. Whereas high risk customers have to update KYC every two years. This category is decided on the basis of value and transaction.
