RBI eases compliance norms for customer KYC verifications

“Keeping in view the covid-related restrictions in various parts of the country, regulated entities are being advised that for the customer accounts where periodic KYC updating is due/pending, no punitive restriction on operations of customer account(s) be imposed until December 31, 2021,” RBI governor said.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2QNhxQE