Warning! SBI freezes accounts for non compliance with KYC norms; Here is how to do it
Are you a State Bank of India (SBI) account holder? If yes, have you completed the Know Your Customer (KYC) norms? If not, you need to do it now. The bank has frozen several accounts of SBI customers for non-compliance with KYC norms, according to a report by livemint.com. A SBI bank holder informed about the same via a tweet. "My account money transfer is banned and it shows message "KYC non compliance" Atleast call or mail to complete the KYC, but here SBI directly stopped transaction.... I am NRI... please guide how to complete KYC...," he tweeted tagging SBI.
We would like to inform you that KYC is an ongoing exercise conducted at regular intervals. It seems that your account is due for KYC, hence the message has been forwarded to you. Kindly visit the branch and get it done for the smooth functioning of the account.
Replying to his tweet, SBI said that KYC is an ongoing exercise conducted at regular intervals and it seems that your account is due for KYC, hence the message has been forwarded to you. "We would like to inform you that KYC is an ongoing exercise conducted at regular intervals. It seems that your account is due for KYC, hence the message has been forwarded to you. Kindly visit the branch and get it done for the smooth functioning of the account," SBI tweeted.
Similarly , another Twitter account holder named Gaurav Agrawal, also informed that his bank account has been put on STOP because of KYC overdue. "@TheOfficialSBI@TheOfficialSBI my account has been put on STOP because of KYC overdue. No one asked me for KYC so why the hell my account put on STOP mode. Is everyone fool in SBI ?, " the tweet read.
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