38 COMMENTS

  1. Banks are right in doing this, as per RBI rules. Please check if you have missed any communication from the bank’s side through e-mail, sms, etc. We cannot challenge Bank’s action.
    Also, this would be a regular exercise by the bank after a few months. So it would be better to update your KYC details in the bank’s records.

  2. Have been trying to update my kyc2 and it keeps saying try again in 2 minute for the past 2 days now and am unable to transfer money from my Acct to another acct what will I do pls….I need help

  3. Sir I give my documents in my Punjab National Bank last two weeks ago but kyc is not updated how many days kyc Is updated time

  4. Bank closed my Daughter A/C in Jan 2020 for the reason KYC. When we were doing the taxes in March 2021 looking for the form 1099 for interest we come to know Citi Bank has closed the A / C in Jan 2020. After serval requests & phones call for last 3 months we haven’t got our money yet I do not understand why they are bothering the NRI Indian they themselves are Indian Citi bank has inexperience staff nobody wants to work & help the customer every time you call everybody has the different stories this like a TV serial like which will newer end we are really in need of money, I Hope my request goes to higher authority who can look into it & help us with the funds

  5. I am a British Citizen living in UK. I have an OCI due to my Indian Origin. I have no assets or income in India. I have an NRI account only for convenience because I go to India for holidays and to meet relatives. I have no issues with keeping the bank up to date with any changes in my address and the residential status if it was kept simple and straight forward. However, the process is made so complicated with no one in a position to assist on how to fill some of the forms that are required. I have wasted several hours over several days in trying to respond to RE-KYC requests from the bank over the last 3 months but without success. I am now left with no option but to close the NRI account that we have held for many years. In turn this will have direct impact on myself and other family members’ interest in traveling to India. This process is defeating the whole purpose of offering NRI accounts for the majority of users of NRI accounts who are no risk for money laundering or any other crime. It is just so sad!

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