The new guidelines come in response to complaints about delays and difficulties faced by beneficiaries of government schemes ...

RBI proposes BCs for KYC updates, self-declaration, and inoperative account activation, seeking public feedback by June 6.

RBI proposes new KYC rules to simplify bank account updates, extend deadlines, and ease onboarding. Public comments open till ...

RBI proposes that banks offer KYC update services at all branches and via video to reactivate inoperative or unclaimed ...

Supreme Court directs revisions to digital KYC norms for accessibility, ensuring rights of persons with disabilities are ...

The draft proposal, announced on May 23, 2025, mandates that banks provide KYC updation facilities at all branches, including ...

In 2023-2024, 95 scheduled commercial banks received over 10 million complaints from their customers. The process of KYC at ...

The RBI has issued a draft comment on simplifying KYC rules. The proposed rules will make the bank customers' lives easier in ...

The Employees' Provident Fund Organisation (EPFO), however, under some conditions, permits partial withdrawal of EPF ...

Earlier this week, we were all surprised to receive a know-your-customer (KYC) update message in the name of Bank of Maharashtra (BoM) from a media friend, Sumeet (name changed), on one of our ...

The Reserve Bank of India plans to utilize business correspondents for KYC updates, tackling complaints regarding inoperative ...

Markets regulator Sebi is actively working with the Ministry of Finance and other financial regulators on setting up a centralised KYC (Know Your Customer) system, chairman Tuhin Kanta Pandey has ...