SBI is the largest Indian bank with more than 45 crore customers, 22,000 branches. With this data we can believe that surely SBI is good at maintaining its customer relations. But with such great customer strength it is difficult to confirm the authentic identity of every customer but at the same time it is important as well.
This in banks is done by the process KYC which means Know Your Customer or Know Your Client. KYC is a set of procedures to ensure that the person willing to open an account or already has an account is a genuine customer or not. Even at the time of opening a bank account there are some levels of KYC requirements or documentation that you need to do.KYC helps prevent online frauds, identity theft, money laundering, etc.SBI has been great at maintaining its KYC records and has also made it easy for its customers to update their KYC details from the comfort of their home.
In this article we are going to know about SBI KYC Online Update procedures or SBI KYC Online Update methods.
Documents required for SBI KYC update:
The requirements of documents for KYC updates are different as per different categories of account holders or accounts.
1. Individual account holder SBI KYC documents
For an individual account holder, the documents needed for SBI KYC update can of the government authorised identity proof and proof of address is needed. Here is a list of a few such identity proofs:
- Driving Licence
- Voter’s ID
- Aadhar card
- PAN card
Any other government certified ID proof may also work.
2. Minor account holder SBI KYC documents
In cases where the age of the account holder is less than 10 years of age, those accounts are called the minor accounts. The SBI KYC update for such an account needs documents including the identity proof and address proof of the person handling the account.
3. NRI account holder SBI KYC documents
For the Indian having their bank account in SBI, living outside the country, here are the documents needed to update their KYC:
- Foreign offices
- Notary Public
- Indian Embassy
- officers of correspondent banks
4. KYC documents for SBI Small Savings Account online
A small savings account is the one in which the balance cannot exceed 50,000 INR and transfers cannot exceed 10,000 per month. Documents required for SBI KYC update of these accounts are:
- Any identity proof issued by state or central government.
- Letter issued by a gazetted officer
Two Methods to Update your SBI KYC
There are two ways to get your SBI KYC updated: offline and online
Let’s look at both of them:
1. SBI KYC update: Offline method to update SBI KYC
It was earlier the usual and most common way of SBI KYC update method. In this you need to take your documentation along with you to the nearest branch like Aadhaar card, PAN card, photographs etc., then you can ask for the KYC form in the bank. Fill the KYC form, attach the required documents and submit it to the bank. Now, after verification your KYC will be updated in the next 24 hours.
But ever since the digital world is rising everything is coming online, especially after COVID-19 pandemic, the scenario has changed. Now most of the people wished to update SBI KYC Details Without Visiting the bank. For such people, there is SBI KYC Online update option.
2. SBI KYC update : Online method to update SBI KYC
In this we get to know how to update SBI KYC Online. For this you have to mail your KYC documentation with an application to update your SBI KYC online to the email address of the SBI branch given on your passbook. Here are the steps you need to follow:
- Write an application to your SBI branch manager to update your KYC
- Convert the letter to PDF format and attach other required documents in the same format.
- Compose a mail to your SBI branch given on your passbook.
- Type your name, account no., and request to update your KYC
- Send the mail and after verification your KYC will be updated in the next 24 hours.
These were the simple ways in which you can get your SBI KYC update online.
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