RBI’s new KYC rules: Extended timeline and fresh norms for banks and customers
As per the changes, regulated entities (REs) must allow all transactions for low-risk individual customers, even if their KYC is pending. These customers now have time to update their KYC either within one year of the due date or by June 30, 2026, whichever is later.
As per the changes, regulated entities (REs) must allow all transactions for low-risk individual customers, even if their KYC is pending. These customers now have time to update their KYC either within one year of the due date or by June 30, 2026, whichever is later.
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