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
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details