Q: Why do I need to update my KYC in bank?
A: You may need to update your KYC if your address, name, phone number, or other personal details change due to legal requirements or to access new banking services.
Q: What documents are required to update address in bank?
A: You can use updated passport, Aadhaar, utility bills, rental agreement, or government-issued ID as address proof.
Q: How long does KYC update take?
A: Most banks process KYC updates within 5-7 business days, though instant verification is available through eKYC.
Q: Can I update my name in bank account?
A: Yes, you can change your name with proper legal documentation like marriage certificate, court order, or deed poll.
Q: What is the fee for updating KYC?
A: Most banks do not charge any fee for KYC updates as it’s mandatory compliance.
Conclusion
Keeping your KYC information current is essential for smooth banking operations and compliance. Banks have simplified the update process to make it convenient for customers.