Reopen Your Bank Account: Complete KYC Process Now!
If your bank account is frozen due to KYC reasons, this news is essential for you. The Reserve Bank of India (RBI) has instructed banks to periodically update their customers’ KYC details. Please be informed that RBI had issued a circular on May 29, 2019, regarding Re-KYC.
According to this circular, if any current bank customers do not have PAN, Form 60, or any submitted documents in the bank, their account will be closed. However, you can also reactivate a frozen account due to KYC reasons.
To Complete KYC in this Manner,
It is important to note that the process of re-verifying KYC can vary for different categories of customers. However, you can easily reactivate your frozen bank account. According to the Bank of Baroda’s official website, there are three methods for customers to complete their KYC process and reactivate their bank accounts. Let’s explore these three processes in detail.
- For this process, all bank customers must first visit their respective bank branches.
- Now, it is necessary to submit the required form and KYC documents with the branch.
- If an individual resident customer has an Aadhaar number and an original PAN card, it is more convenient, as KYC can be completed through a video call.
- If there have been no changes in the customer’s KYC details at Bank of Baroda, they can also submit the self-declaration form by email, post, or courier along with the necessary documents.
- By following these steps, the re-KYC process will be completed.
Complete the KYC Process again through the Mobile App.
Kotak Mahindra Bank provides the convenience of re-verifying KYC through its mobile banking app. To do this, you must first log in to your Kotak mobile app. After logging in, you will find the option “re-KYC.” By selecting this option, you can complete the re-KYC process by verifying it with an OTP and reactivate your account.
