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KYC update to get easier as RBI proposes new rulesAccording to the draft amendments, the RBI instructed that a self-declaration shall be obtained from the customer in case there is no change in KYC information or a change is made only in the address.
In a circular dated January 5, 2023, the Reserve Bank of India (RBI) said, “As per the present guidelines, if there is no change in KYC information, a self-declaration to that effect from the ...
The bank shall obtain the self-declaration including the supporting documents, if required, in the electronic mode from the customer through the BC, after successful biometric based e-KYC ...
'Self-declaration from the customer in case of no change in KYC information or change only in the address details may be obtained.' Kindly note this image has been posted only for ...
The Reserve Bank of India has instructed banks and NBFCs to permit transactions for low-risk customers with pending KYC until June 30, 2026, provided reminders are sent. Self-declaration via banking ...
Self-declaration sufficient for re-KYC process if no change in info The banks have been advised to provide facility of such self-declaration to the individual customers through various non ...
The bank shall obtain the self-declaration including the supporting documents, if required, in the electronic mode from the customer through the BC, after successful biometric based e-KYC ...
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