UPDATION/ PERIODIC UPDATION OF KYC - REVISED INSTRUCTIONS

MUMBAI, India, June 12 -- Reserve Bank of India issued the following notification:

RBI/2025-26/53

DOR.AML.REC.31/14.01.001/2025-26

June 12, 2025

The Chairpersons/ CEOs of all the Regulated Entities

Dear Sir/ Madam,

Updation/ Periodic Updation of KYC - Revised Instructions

Please refer to instructions on updation/ periodic updation of KYC as contained in paragraph 38 of Master Direction - Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 (as amended from time to time).

2. The Reserve Bank has observed a large pendency in periodic updation of KYC including in the accounts opened for credit of Direct Benefit Transfer (DBT)/ Electronic Benefit Transfer (EBT) under Government schemes to facilitate credit of DBTs and/ or sc...