The Reserve Bank of India (RBI) is conducting a series of Saturation Camps across the country from July 1 to September 30 as part of its financial inclusion drive. One such camp was recently held at Rabindra Tirtha in Maynaguri, Jalpaiguri, with the goal of updating Know Your Customer (KYC) information for account holders. The camp was organized by the State Bank of India (SBI) and saw the participation of senior officials from various banks and stakeholders.
According to SBI officials, many individuals who opened Jan Dhan accounts a decade ago need to update their accounts to ensure smooth transactions. As per regulations, these accounts require KYC updates every ten years. To facilitate this process, nationalized banks are holding KYC update camps at gram panchayat offices and mega camps in different areas. The Maynaguri mega camp alone saw around 1,700 customers update their accounts.
To raise awareness about the importance of updating KYC information, the RBI is sending reminders to customers via WhatsApp. The message urges customers to “keep your bank account active, please update your KYC.” To update their KYC, customers are advised to visit their nearest bank branch or gram panchayat camp with required documents such as Aadhaar, voter ID, driving license, passport, or NREGA Job Card. If no information has changed, a simple self-declaration is sufficient.
The RBI’s initiative aims to ensure that account holders’ information is up-to-date, enabling them to access banking services seamlessly. By updating their KYC, customers can avoid any potential disruptions to their banking transactions. The Saturation Camps are an effort to reach out to customers, particularly in rural areas, and provide them with an opportunity to update their account information. With the camps running until September 30, customers are encouraged to take advantage of this initiative and update their KYC to maintain active and functional bank accounts.