SBI

SBI Freeze Account: Has your SBI account also been closed? Here’s How It Will Restart

SBI Freeze Account: Has your SBI account also been closed? Here’s How It Will Restart

SBI Freeze Accounts: If you also have an account with State Bank of India (SBI), then this is useful news for you. SBI has closed the bank accounts of many people. These customers will no longer be able to do any transactions.
In fact, the bank has frozen those accounts which did not complete the KYC process. After this, many people informed about the closure of their accounts on social media. Here we are telling you how you can unfreeze your account. You must have copy of PAN card and Aadhar card to complete the KYC process.

SBI

With these documents you have to visit the bank branch. There you will get the KYC form, which has to be filled. Documents, KYC form and your passport size photograph have to be submitted. After this your KYC process will be completed.

Your account will be activated in a few minutes. SBI customers are complaining Many customers on social media are complaining to the bank that the bank has frozen their bank account without prior notice. However, some people said that the time chosen is not the right time to freeze the account. For most of the people it is salary time, which they are not able to withdraw due to account closure.

Due to this, the customers are facing a lot of trouble. According to the bank that froze the accounts of the customers, it had earlier informed the customers about it. Letters were also sent to customers who did not get KYC done. An appeal was also made to get their KYC done.

However, many customers are complaining that the login portal of SBI is not showing any general information or alerts to the customers on KYC update. Increased strictness regarding KYC, KYC was being updated repeatedly in the changing rules from July 1. In view of the increasing cases of fraud, the bank has made KYC mandatory. RBI has also advised to do KYC. Earlier KYC was updated by banks once in 10 years but now it is updated every year. Avenue Supermarts Q1 Result: Profit up 6 times to Rs 680 cr

Write a Reply or Comment

Your email address will not be published. Required fields are marked *