Most financial actions need the submission of KYC data. “Know your customer”—or KYC for short—is a handy tool that helps an organisation confirm a customer’s identity.
Many banks have provided facilities to customers to update their Know Your Customer (KYC) details online. Financial service clients must provide KYC paperwork to confirm their identity and address to open and manage any financial products including fixed deposits, mutual funds, and more. To enhance the security for customers, banks these days can ask you to update KYC details frequently in order to keep the details updated and avoid any fraud related to it.
Also read: Up to 8.5% FD interest rate in June 2024: FD interest rates of Yes Bank, SBI, HDFC Bank, ICICI Bank, PNB, Canara Bank comparedAccording to the HDFC Bank website, “Re-KYC is a process wherein banks and financial institutions can remain abreast with a customer’s latest personal details and contact information. This ensures that the information a client provides at the time of account opening or opting for a service is not outdated.”
Here is how you can update your KYC details online for these top banks.
How to update the SBI KYC online using the SBI online banking
Step 1
Login to SBI online banking.
Step 2
Under the My Accounts & Profile section, click on Update KYC.
Step 3
Select your SBI account and click Next.
Step 4
Upload your supporting documents on the next page.How to update the HDFC Bank re- KYC online using the online banking
Re-KYC is a process wherein banks and financial institutions can remain abreast with a customer’s latest personal details and contact information.
Step 1: You will receive a notification from the bank or financial institution to update your KYC information. Once you do, fill out the re-KYC form.
Step 2: Next, you need to self-attest documents that function as identity and residence proof.
Step 3: Once you complete your bit of the KYC procedure, it takes around ten days for the process to be completed in its entirety.How to update ICICI KYC through internet banking
Step 1
Log in to the ICICI Bank net banking portal.
Step 2
If your KYC update is still waiting, a message will show on your screen. Tick the authorization box and select the ‘Update Through Document Upload’ option from the notice.
Step 3: Edit any details to be updated and upload the PAN card.
Step 4:
Check the ‘I want to update my address’ box and enter your new address. Next, upload the address proof document (even if the address has not been updated) and photograph, check the authorization box, and click ‘Continue’.
Step 5
Select the authorisation and click ‘Confirm’.
Step 6
Tick the KYC declaration and click ‘Confirm’.
Step 7
Click ‘Continue’ to complete the procedure.How to update Canara bank KYC through internet banking
Step 1
Login using credentials
Step 2
Click on other services and click on Re-KYC
Step 3
Upload the required documents.
How to update Canara bank KYC through internet banking
Step 1
Login YES Service Portal
Step 2
There will be a Re-kYC pop- up or Select RE-KYC Service Request
Step 3
Choose appropriate option
Step 4
Complete through Aadhaar E-KYC authentication
and Submit
Common address and ID proof documents
Acceptable identity proof documents include:
- Valid passport
- PAN Card
- E-Aadhaar letter as issued by the Government of India
- Driving License
- Voter ID
- Job Card as issued by NREGA and duly signed by an authorised official
- Letter issued by a Gazette officer, with a duly attested photograph. However, this is acceptable only for opening low-risk Basic Savings Bank Deposit Account (BSBDA)
Address proof documents include:
- Valid passport
- PAN Card
- E-Aadhaar letter as issued by the Government of India
- Driving License
- Voter ID
- Job Card as issued by NREGA and duly signed by an authorised official
- Letter issued by a Gazette officer, with a duly attested photograph. However, this is acceptable only for opening low-risk Basic Savings Bank Deposit Account (BSBDA)
- Identity Card as issued by Central/State Government, Public sector undertaking, any Scheduled Commercial Bank, or any Public Financial Institution.
