Table of Contents
- What is eKYC
- 2 Methods to Update SBI KYC Online
- Documents Required for KYC Update Online SBI
- Benefits of Updating SBI KYC Online
- FAQs for SBI KYC Update Online
The digital era has brought about significant innovations in various sectors, and the banking industry is no exception.
One such innovation that has streamlined the banking experience is the concept of eKYC, with the State Bank of India taking the lead. This article aims to guide you through the seamless process of updating your SBI KYC online.
What is eKYC
eKYC, or electronic Know Your Customer, is a paperless process that allows individuals to complete the KYC requirements digitally. This eliminates the need for physical documentation and offers a more efficient and convenient way for customers to update their information.
2 Methods to Update SBI KYC Online
In this article, we have outlined 2 Methods for you to complete your SBI KYC online. Let us examine each one individually.
Method 1: How to Update KYC in SBI Online Through Netbanking
SBI KYC can also be updated offline, we have a separate article on the offline procedure of SBI KYC. For more details, you can visit our dedicated article on How to update SBI KYC Offline.
For now, focus on the online method and follow the below steps to update your eKYC in the State Bank of India.
Step 1: Go to the official website of SBI Net Banking which is https://retail.onlinesbi.sbi/retail/login.htm and then click on the “Continue to Login” button.
Step 2: Now enter your SBI Net Banking Login Credentials like your Username and Password. After entering these details, fill Captcha code as shown and then click on the “Login” button.
Step 3: After successful login to your SBI Net Banking, You will see the “Update KYC” button in the left Menu Bar as shown in the below image. For SBI KYC Update Online, click on this button.
Step 4: Now select your savings or current account from the Drop-down Menu. After selecting your relevant account, click on the “Submit” button.
Step 5: Fill in your KYC details like your Name, PAN number, Address, and monthly income.
In the “Is there change in address?” option, don’t forget to click on the “No” button.
After accepting the Terms and Conditions of the SBI bank, click on the “Submit” button.
Method 2: How to Update KYC in SBI Online Through YONO SBI
Step 1: Open your YONO SBI Mobile App on your smartphone and then enter your MPIN to log in.
Step 2: After successful login, click on the three-line Menu bar on the top left of your mobile screen.
Step 3: Now click on the “Service Request” option as shown in the below image.
Step 4: On the next mobile screen, you will see the “Update KYC” button. Click on this button to update your KYC.
Step 5: After clicking on the “Update KYC” button, you have to enter some basic information like your Name, Aadhar Number, and PAN Number to Update KYC Online SBI.
Documents Required for KYC Update Online SBI
The following documents are required for the updation of KYC in SBI.
- Aadhar Card
- PAN Card
- Voter’s Identity Card
- Driving Licence
- NREGA Card
- A letter containing the name and address details of the KYC applicant from the National Population Register.
If a minor is less than 10 years of age, the KYC documents of the man who will operate the account will be submitted.
Benefits of Updating SBI KYC Online
eKYC is crucial for maintaining the integrity of the banking system, preventing money laundering, and adhering to regulatory standards. We have highlighted some benefits of SBI KYC Update Online.
The traditional KYC update process often involves visiting a branch and submitting physical documents. However, with the online option, you can submit the necessary documents online without having to visit your branch.
The online KYC update process is designed to be swift and efficient. With the online option, customers can complete the process from the comfort of their homes, reducing the time lost in offline KYC procedures.
Enhanced Security Measures
SBI ensures the security of customer data during the eKYC process. Advanced encryption and authentication measures are in place to protect sensitive information, providing customers with peace of mind.
Updating KYC in SBI is a straightforward process that ensures the security of your financial transactions. By following the steps outlined in this guide, you can keep your KYC information updated, contributing to a safer banking environment.
Remember, a proactive approach to KYC updates not only complies with regulations but also enhances your overall banking experience with the State Bank of India.
FAQs for SBI KYC Update Online
What documents are required for SBI KYC Online?
Customers typically need to submit proof of identity, proof of address, and a photograph.
Is online KYC as secure as in-person verification?
Yes, SBI ensures the highest security standards, including encryption and two-factor authentication, to protect customer data.
How long does the online KYC process take?
The process is designed to be swift, with most customers completing it within a day.
Can non-residential Indians complete SBI KYC Online?
Yes, SBI’s online KYC is available for both residents and non-residential Indians, making it accessible to wider customers.
What happens if there is a discrepancy in the submitted documents?
SBI may request additional information or clarification, ensuring the accuracy of the verification process.