Kyc required in bank account

A person maintained sb account kyc not updated bank account kyc compulsory.
question:
kyc not updated sb account stoped banker.
Replies (7)
Quick Summary
This discussion addresses whether KYC (Know Your Customer) is compulsory for bank accounts, even with regular transactions. It highlights that banks may stop account operations if KYC isn't updated, citing RBI guidelines. The consensus is that submitting KYC documents is essential to avoid account suspension, regardless of transaction frequency.

Submit kyc documents asap
If there are regular transactions no need to update kyc.
As account is stopped kyc should be submitted
Wrong if regular transactions are there rbi had not given any circular
But qureist told that account has been stopped
Bank has no right to stop the bank account. Its as per RBI GUIDELINES.
Much audo about nothing.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
26 September 2026
Chartared Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details