KYC is a short form for the term “Know Your Customer,” and it also means “Know Your Client.” The State Bank of India (or SBI) has requested its customers to update their KYC information on a regular basis in accordance with the RBI guidelines/mandate for users for the same so that consistency can be maintained across the banking industry and protection of the financial system in India can be provided.
KYC is a one-time procedure to confirm the validity of a bank customer. Banks can learn more about the identity of their customers through the KYC procedure. Therefore, it is advisable that bank customers should complete their KYC procedure at the time of opening bank accounts or making investments in different instruments.
These days, banks and other financial institutions are more susceptible to cyber-attacks all over the world. KYC procedure has been developed and introduced to provide protection for banks and other financial institutions against money laundering, fraudulent activities, terrorist financing, and corruption. In recent times, banks have been proactive in ensuring their customers are genuinely the same, without any doubt, who they claim to be.
KYC is a critical element in fighting against financial crime with the help of its customer identification procedures. Therefore, you should make sure you have obtained identification documents to keep the KYC status updated in your bank so that your bank may not terminate a business relationship for not meeting minimum KYC requirements.
In this blog post, we have talked about what KYC is, its critical features, its needs and benefits to bank customers, and how to check the KYC status in SBI online. Stick around to learn more details about the above subjects. So, without wasting any time, we should quickly dive deeper into the complete post to have a closer look at the profound details of the article.
How To Check SBI KYC Status Online
Suppose you are a State Bank of India customer and keep a savings bank account and/or a current account with the bank. You want to check your KYC status in SBI online. But you don’t know the way to get the same done. Don’t worry. We will discuss here two ways to guide you through to help you in this regard.
1. Check KYC Status through SBI Online Banking
A quick way to check your KYC status is through the SBI Net Banking method. You can quickly check your KYC status by following some easy steps hereunder. Just follow the below-mentioned process.
Step 1. Visit the Online SBI internet banking portal for the State Bank of India. Open the Retail Banking Application on your smartphone device. Then tap on the “Continue To Login” option. Enter your User ID, password, and the given captcha code on the next screen. Then click on the “Login” option.
Enter the OTP on the next screen, which is received on your registered mobile phone number. Then click on the “Submit” option.
Step 2. Click on the “My Accounts & Profile” option at the left corner of the top address bar/menu bar on your next mobile screen. Click on the “Update KYC” option on the next screen.
Step 3. Select your bank account number on the next screen for which you want to check the KYC status. Then click on the “Submit” option.
After that, a pop-up message will appear on your mobile screen, stating that your KYC update is not due as of now. Or you may receive another message stating that your KYC update is due now. Please visit your bank branch for further details.
However, in any case, you will know the current status of your KYC update.
2. Check KYC status using YONO SBI App
Another way to check your KYC status is by using the YONO SBI Mobile banking app. Go through the following quick steps as follows hereunder to learn the process.
Step 1. Open the YONO SBI mobile banking application on your smartphone device. Then, enter your MPIN or Username to log in to it.
Step 2. Click on the “Service Request” option at the bottom left corner of your next mobile screen.
Step 3. Click on the “Update KYC” option on the next screen, under the “Emergency” option.
Step 4. After that, a pop-up message will flash on your mobile screen, stating that your KYC is updated as of now. Or another message may also be displayed on your mobile screen stating that your KYC is not updated.
However, with the help of either of the messages, you can quickly know about your KYC status without visiting branch. That’s it. By following the above-discussed straightforward processes, you can quickly understand how to check your KYC status in SBI online.
The Bottom Line
We expect that after reading the two effortless ways to check KYC status in SBI online and the significant information provided here on what KYC is, its critical features, its needs, and benefits to the bank customers, you have enjoyed our detailed article. Now, hopefully, you can easily and quickly get through both processes yourself.
However, in case you are still facing some difficulties or having some queries, grievances, or issues with regard to using The YONO SBI mobile banking application, you must call at the YONO SBI Toll-Free helpline number: 18001234 or 18002100.
And if you have some issues or difficulty while logging in to Online SBI Net Banking, in that case, you should contact the SBI Net Banking customer care helpline number at 18002100. The SBI customer care team officials will shortly respond to your request/issues to assist you in resolving the problems efficiently and satisfactorily.