Unlocking Banking Potential: How to Update KYC in SBI (Annexure B)

In this digital age, keeping your KYC (Know Your Customer) details updated is crucial for a seamless banking experience. The State Bank of India (SBI), being a pioneer in the banking sector, provides a straightforward process for SBI KYC Update.

In this comprehensive guide, we will walk you through the steps on how to update KYC in SBI, ensuring that you can navigate the process effortlessly.

Download KYC Annexure B SBI

Understanding the Importance of KYC

Before delving into the KYC updating process, let’s briefly understand why KYC is essential.

  • KYC is a regulatory requirement designed to prevent financial fraud and ensure the legitimacy of transactions. By keeping your KYC information up to date, you contribute to a secure and responsible banking environment.

Why the SBI KYC Update is Important

Here are some reasons why the SBI KYC Update is important for the bank and its customers.

Enhanced Security for Account Holders

Completing the SBI KYC process adds an extra layer of security for account holders, reducing the risk of unauthorized transactions and identity theft.

Regulatory Compliance

KYC updates are not mere formalities; they are a legal obligation imposed by financial regulatory bodies. Adhering to these updates ensures that banks like SBI comply with the latest regulations, fostering a secure banking environment.

Enhanced Security Measures

Regular KYC updates enable banks to implement advanced security measures. By verifying the identity of its customers periodically, SBI can detect and prevent fraudulent activities, protecting both the bank and its clients.

How to Update KYC in SBI (Annexure B)

To update your KYC in the State Bank of India, You should fill out the SBI KYC Annexure B and then submit it to your bank branch along with required documents like Aadhar card, PAN card, etc.

We have a detailed article on How to Fill out the SBI KYC Annexure B. Please read the below paragraphs to understand it.

We have also given an image below of the SBI KYC Form Annexure B for your convenience.

This SBI KYC Annexure B is divided into 9 parts, these 9 parts can be seen in the above picture. If your SBI KYC form is different from the above image, you can click here. By visiting this link, you will get a different version of the SBI KYC Form because the SBI KYC form comes in multiple variations.

  • 0) Bank and Account Related Information
  • 1) Personal Details
  • 2) Contact Details
  • 3) Proof of Identity
  • 4) Address Details (Current)
  • 5) Address Details (Permanent)
  • 6) Proof of Address
  • 7) Declaration
  • 8) For Office Use

Now let’s discuss each part in detail.

0. Bank and Account Related Information

Date

First of all, write the date on which you are filling out this KYC form.

Branch Name

Write the name of the branch, where you are going to submit this SBI KYC Annexure B.

Branch Code

Enter the SBI branch code number where you want to submit this KYC form. You can find this code on your SBI bank passbook or online.

Customer ID

Customer ID can be obtained from the first page of your passbook.

Account Number

You should enter the account number of your SBI savings account or current account. The account number is also available on the first page of the passbook.

CKYC No.

You must fill out the CKYC number; SBI staff can help you find it.

1. Personal Details

Existing Customer ID

You can skip this point.

Name

You should write your name in block letters. Don’t forget to have a space in your first and last name.
For Example: VIPIN KUMAR

Date of Birth

Here write your date of birth in DD/MM/YYYY format.

Gender

Here, you specified your sex. For instance, select “Male” if you’re a man.

Martial Status

In this case, you must check the corresponding box: check the “Married box” if you are married, and select the “Unmarried” box otherwise.

Name of Father/Mother

Here you have to write the name of your father/mother/wife.

No. of Dependent

This is an option that you can skip. Please enter the number of family members who are reliant on your income.

ILLITERATE

In this field, you are being asked if you are educated or not.

Name of Guardian (In Case of Minor)

If you are filling out this form for the KYC of a minor (who has not yet turned eighteen), then the names of the parents should be entered in this column. If the applicant is not a minor, you can skip this field.

Nationality

If you are an Indian, tick the “IN-India” option otherwise enter the name of the country in which you reside.

Occupation Type

Through this option, you are being asked what type of work you do. For example, you can select the “Government Sector” if you do a job in a government department. If you are a woman who performs house chores then you can select the “House Wife” option.

Monthly Income

Enter your monthly income in this field.

Net Worth

Provide a rough estimate of your total assets.

Source of Income

In this section, you have to describe from which sector you earn your income. For instance, you can choose the “Agriculture” if you are a farmer.

Religion

You have to select the religion you follow.

Category

Click the appropriate box according to your caste.

Person with Disability

If you are a DIVYANG, you can choose the “Yes” box otherwise select “Not”.

Educational Qualification

Check the box that best describes your level of education.

Organization’s Name

You can skip this option.

Please Tick the Applicable Box

You can also skip this option.

Place/City of Birth

Enter your place of birth in DD/MM/YYYY format.

Citizenship

Describe your citizenship in this field.

Country of Tax Residence in India Only

You must select “YES” in this section if you enter “INDIA” in the CITIZENSHIP option.

PAN/TAX Identification

Enter your PAN Card number in this section.

2. Contact Details

Enter your Mobile Number and Email ID in the respective fields.

3. Proof of Identity

You must select the box corresponding to the document you are adding to the application, such as a PAN card or an Aadhar card. We advise you to tick the “D-UID(AADHAR)” option.

Documents Number

Enter the 12-digit Aadhar Number if you tick the fourth option which is D-UID(AADHAR).

Issue Date/Expiry Date

If you choose the “D-UID(AADHAR)” option, then you can skip this option otherwise you have to enter the “Issue and Expiry Date” of the documents you are attaching with this application.

4. Address Details (Current)

You have to fill in your full address in details like your Address type, House number, Landmark, City/Village, District, State, and PIN Code.

5. Address Details (Permanent)

If your permanent address is the same as that of your current address, you can tick the “Same as Current/Permanent Address” option. OR if your permanent address is different then you can fill these fields.

6. Proof of Address

Select the appropriate box for providing documents related to your address, which you are providing with this application.
You can tick the “Utility Bill” option if you are attaching an electricity bill with this application.

Document Number

Write the document number which you are attaching with this application for address proof.

Date

Enter the date mentioned on the Address Proof Document.

7. Declaration

In this section, you have to accept all terms and conditions by ticking the “YES” option. After accepting all terms and conditions, affix your passport-size photograph in the required field and then sign the application.

Place

Enter the place from where you are filling out this application form.

Date

Enter the date on which you are filling out this SBI KYC Annexure B.

8. For Office Use

Your bank representatives will complete these options/fields following a review of your application and any supporting documentation. Therefore, you are not permitted to fill in these details.

Conclusion

Filling out the SBI KYC form is a simple yet important procedure. You may easily complete SBI KYC Annexure B and add to the security and authenticity of your financial accounts by following the instructions mentioned in this guide.

Quick Links
How to Fill SBI KYC Annexure A
How to Update SBI KYC Online

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