Sbi Kyc Online: A Step-by-Step Guide

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To begin the SBI KYC online process, you'll need to access the SBI website or mobile banking app.

SBI offers two methods for online KYC: through the SBI website or the Yono app.

First, ensure your account is eligible for online KYC by checking your account details on the SBI website.

The required documents for online KYC include a valid ID proof, address proof, and a recent photograph.

What Is

KYC, or Know Your Customers, is an important procedure that helps banks or similar authorities identify their customers.

The major objective of the KYC guidelines is to help banks prevent being used by criminal elements for money laundering activities.

KYC helps banks to know their customers and understand their financial dealings, which is crucial in maintaining trust and security in the banking system.

By following KYC guidelines, banks can ensure that their customers are legitimate and not involved in any illicit activities.

Why It's Important

Updating your SBI KYC online is a crucial step to avoid account freezing. Not updating KYC can freeze your account. You won't be able to withdraw cash using ATMs or chequebooks.

The RBI requires you to update KYC regularly. Updating your KYC will help you comply with RBI norms and protect you from the unnecessary hassles of frozen accounts.

Here are the consequences of not updating your SBI KYC:

  • Account freezing
  • Unable to withdraw cash using ATMs or chequebooks

KYC Process

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To update your SBI KYC, you can log in to your SBI net banking by entering your credentials.

You'll need to select the 'Update KYC' option and enter your profile password to proceed.

The KYC update process will apply to all bank accounts under your Customer Identification File/ Form (CIF).

You can also update your SBI KYC through the YONO app, which requires logging in with your MPIN.

After selecting the 'Update KYC' option, you'll need to fill out the information to be updated, upload the relevant documents, and submit.

To confirm the update, you'll receive an OTP on your registered mobile number, which you'll need to enter and submit.

How to Use Internet Banking?

To use internet banking, log in to your SBI net banking by entering your credentials.

You'll need to enter your profile password and click 'Submit' to proceed with updating your KYC details.

To update your KYC details, select the 'Update KYC' option and enter your profile password again, then click 'Submit'.

You'll receive an OTP on the registered mobile number, which you'll need to enter to complete the update process.

Updating your KYC details will apply to all bank accounts under your Customer Identification File/ Form (CIF).

How to Use YONO?

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To use YONO, you'll need to log in using your MPIN. This will give you access to a range of financial services offered by State Bank of India.

The YONO app is available for download on your smartphone, and you can log in easily with your MPIN. You can also use the app to update your KYC documents, which we'll cover in more detail later.

To update your KYC documents, you'll need to select the 'Update KYC' option from the menu. This will take you to a page where you can fill out the information to be updated, upload relevant documents, and submit.

You'll receive an OTP on your registered mobile number, which you'll need to enter to complete the update process. If your update is successful, you'll receive a final message saying 'Successful KYC for CIF has been updated in bank records through YONO'.

Here are the steps to update your KYC using YONO:

  1. Log in to the YONO app.
  2. Go to "SERVICE REQUEST" in the menu.
  3. Click on "update KYC."
  4. Enter your profile password and submit.
  5. Check the address shown.
  6. Update your occupation or income information (if needed).
  7. Update your KYC address details (if needed).
  8. Choose whether to update your KYC address.
  9. Tick the box and click "next."
  10. Enter the OTP sent to your phone and submit.

Downloading the Form

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You can download the SBI KYC form from the comfort of your own home. To do this, you'll need to visit the official SBI website at sbi.co.in.

Navigate to the 'Download Forms' section on the website. From here, you can find the KYC form in the list of available forms.

Click to download the form in PDF format. Once you've downloaded the form, print it out and fill it out with the required details.

You can also collect the KYC form in person by visiting your nearest SBI branch. This is a good option if you need help filling out the form or have questions about the process.

Here are the steps to download the SBI KYC form from the official website:

  1. Go to sbi.co.in.
  2. Navigate to the ‘Download Forms’ section.
  3. Look for the KYC form in the list of available forms.
  4. Click to download the form in PDF format.

Which Are Required?

You'll need to provide identification documents to update your SBI account KYC.

For individuals, you can use a Passport, Voter's Identity Card, Driving License, Aadhaar Letter/Card, NREGA Card, or PAN Card.

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To update your SBI account KYC as an NRI, you'll need to provide documents from a foreign office, notary public, Indian embassy, or officer of a correspondent bank with verifiable signatures.

If you're updating your SBI account KYC as a minor, you'll need to provide identification proof of the person operating your account, which can include any of the ID proofs mentioned above.

Here are some common documents accepted for SBI KYC update:

  • Passport
  • Voter’s Identity Card
  • Aadhaar Letter/Card
  • Driving License
  • NREGA Card
  • PAN Card
  • Indian Embassy
  • Notary Public
  • Foreign offices
  • Any correspondent bank officer’s signature that can be verified through the A/B category Forex handling bank branch

Aaron Osinski

Writer

Aaron Osinski is a versatile writer with a passion for crafting engaging content across various topics. With a keen eye for detail and a knack for storytelling, he has established himself as a reliable voice in the online publishing world. Aaron's areas of expertise include financial journalism, with a focus on personal finance and consumer advocacy.

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