RBI Circular Draft Dated 23/05/2025

Draft circular on Updation/ Periodic Updation of KYC: In order to ease the process for the convenience of customers, the instructions regarding updation/ periodic updation of KYC are being amended. The banks are advised to organize camps and launch intensive campaigns focusing on periodic updation of KYC, especially in rural and semi urban branches and the branches having pendency in periodic updation of KYC. The comments/ feedback from stakeholders are invited. 

(Link: RBI Press Release Dated 23/05/2025Draft Circular)

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