11 Sep 2025 : If you are a bank account holder, this news is very important for you. The Reserve Bank of India (RBI) has launched a new campaign related to the KYC (Know Your Customer) process for bank accounts. The purpose of this initiative is to periodically verify the identity of customers and make the banking system more secure. If you do not update your KYC on time, your bank account may be deactivated.
What is RBI’s new directive?
RBI has launched a nationwide KYC update campaign starting from 1st July 2025, which will continue until 30th September 2025. During this period, all account holders are instructed that if they receive a message from their bank regarding re-KYC (KYC update), they must immediately visit their bank branch or local panchayat camp with the required documents to complete the process.
RBI is informing customers through WhatsApp, SMS, and social media that if they receive an alert from the bank for re-KYC, they should not ignore it.
How to do re-KYC?
In Rural Areas:
- Visit your village panchayat camp.
- Carry any of the following documents:
- Aadhaar Card
- Voter ID
- Passport
- Driving License
- MGNREGA Job Card
In Urban Areas:
- Visit your nearest bank branch.
- Carry any one of the above-mentioned identity proofs.
If there is no change in your details:
- You can simply give a Self-Declaration stating that there is no change in your personal details to update your KYC.
Why is it important to update KYC?
- If KYC is not updated, your bank account may be frozen.
- You may face issues in financial transactions.
- Banking facilities like ATM, Net Banking, UPI, etc. may be temporarily suspended.
- Both RBI and banks have a policy of verifying account holders’ identity from time to time to prevent fraud.
What has RBI said?
The Reserve Bank of India, through its official X (formerly Twitter) handle @ReserveBankOfIndia, has shared a poster and link stating:
“Has your bank contacted you for KYC update? To keep your account active, visit the nearest gram panchayat camp or bank branch and update your KYC. For more information, visit RBI’s official website: https://rbikehtahai.rbi.org.in”
Summary: The Reserve Bank of India released a crucial alert for account holders, clarifying conditions under which non-compliance may risk account closure, urging timely adherence to guidelines.