This includes subsidy, pension, money from a special scheme etc. Apart from this, the Reserve Bank has also found these banks guilty of delaying the KYC update. Due to this also, the accounts of many people have been frozen.

Advice given to follow the instructions

According to the Times of India, while addressing the directors of private sector banks, RBI Deputy Governor Swaminathan J said that banks should ensure that KYC guidelines are followed with both accuracy and empathy.

He said that RBI had earlier also given instructions to the banks. In these, it was said that banks should not freeze the accounts in which money of government schemes is transferred due to lack of KYC.

Many kinds of problems came up

Swaminathan said that the Reserve Bank has come to know about many problems related to customers. The main ones among them are:

• There is considerable delay at the bank’s level in updating the KYC of customers from time to time.
• Lack of proactive approach in assisting customers and obtaining required documents.
• Lack of staff to carry out many important tasks. Due to this, customers are refused any work.
• Sending the customer to the home branch for every work.
• Delay in updating information in the system even after all required documents are submitted by the customers.

Customer is unable to receive money

Swaminathan said that due to the way the guidelines are being implemented, many accounts are getting frozen. Due to this, customers are not able to get their money. He said that the boards should ensure that there is no deficiency in the service of the banks. Especially for senior citizens etc.

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The post Bank KYC Update: RBI reprimands banks for freezing accounts due to lack of KYC. check Details first appeared on Rightsofemployees.com.

If you have an account in Punjab National Bank, then this news is for you. Nearly 3.25 lakh account holders of the government bank Punjab National Bank have not yet updated their KYC. Such account holders have been given time till August 12 to update their KYC. If they do not complete this work by the last date, then the operation of their account can be stopped. Know here how to update KYC.

In fact, following the guidelines of RBI, all banks are getting their account holders to update their KYC. PNB has about 3.25 lakh account holders who did not update their accounts till 31st March. They have been given time by the bank to update their KYC till 12th August. If they do not do so by the stipulated date, then they may face difficulties.

Important Announcement. Please take a note.#KYC #bankaccount #ImportantNotice #banking #PNB pic.twitter.com/FJgIuoiktO

— Punjab National Bank (@pnbindia) August 2, 2024

In this case, Punjab National Bank has clarified that these guidelines are applicable only for those people who have not updated their KYC till 31st March. If they do so in time, their accounts will continue to function smoothly. Otherwise, their account will become inactive. In such a situation, they will not be able to withdraw their money from their account. They will not be able to take a loan from that account. However, they can deposit money in that account.

How will KYC be updated

To update KYC, bank customers can get their KYC done in person by visiting the nearest branch. In such a case, they will need necessary documents like identity proof, address proof, latest photo, PAN card, income source etc., carry them with you. Apart from this, if you want, you can also do this by sending an application through PNB One, Internet Banking Services (IBS), registered email/post.

The post PNB account holders KYC update last date august 12, otherwise account will be inoperative first appeared on Rightsofemployees.com.

In such a situation, this mobile cannot be used again. Meaning, it will become junk in a way. Actually, the Central Government is in the mood to take action regarding the Electricity KYC update scam. Under this, instructions have been given to block the mobiles.

Action will be taken on these mobile users

About 31,740 mobile connections have been identified in connection with the electricity KYC update scam. These mobile handsets will be re-verified again, as the mobiles are suspected to be used with fake IDs and SIMs. The process of blocking the mobile numbers of people involved in such scams will continue.

Also Read: Bank license cancelled: RBI has cancelled the license of this bank, you can claim only this much amount

Such scam is being carried out

In this type of scam, a message is sent to common people via SMS and WhatsApp regarding KYC update of your electricity bill. For this, KYC update is done by clicking on a malicious APK file. However, as soon as the user does this, the scammer takes control of your mobile in his hands.

Can complain on Chakshu portal

A complaint has been made on the Chakshu portal of the Department of Telecommunications regarding this. You can also complain about such scams on the Chakshu portal. This is an AI driven portal. Action has been taken on 392 complaints on this portal and instructions have been given to block the mobile. Also, it has been said to investigate 31,740 mobile numbers.

• Do not click on any link given on WhatsApp or SMS regarding electricity bill KYC update.
• Do not share any personal or banking information with any stranger.Be sure to check the source of the person sending the message.
• If you find any message suspicious, report it on the Chakshu portal.

The post Mobile User Update: Telecom Department has given instructions to block 392 mobiles. Check here first appeared on Rightsofemployees.com.

KYC Update: If you have more than one bank account and you have linked those bank accounts to the same phone number, then this news is going to be very useful for you. Account holders having the same phone number in more than one bank account may have to go through new changes in the coming days. Actually, Reserve Bank of India (RBI) can bring changes in this system in collaboration with banks. Which will affect the account holders having multi bank accounts.

More than one bank account holders will be affected

Whenever you go to open a bank account, you are made to fill the KYC Form. In that you have to register your mobile number. If you have more than one bank account and have entered the same number in KYC, then you may soon have to face new changes. Actually, RBI is preparing to take strict action regarding the security of bank accounts. RBI, in collaboration with banks, can make changes regarding the security of bank accounts. To keep the security of bank accounts tight, RBI can tighten the KYC rules in collaboration with banks. For this, an extra layer can be imposed for verification of bank account holders.

Extra layer for verification of bank account

According to the report of Economics Times, RBI is preparing to add an extra layer for bank account verification to make the bank account more secure. For this, KYC standards can be made stricter. RBI may take action due to negligence regarding KYC. For this, a committee headed by Finance Secretary TV Somanathan is working to ensure interoperable KYC rules in the financial sector. RBI may add additional layers to the verification layers for identification of bank accounts and account holders. The bank can update KYC in the accounts of those account holders who have more than one bank account linked to one phone number. KYC of bank accounts can be updated for those people who have more than one bank account opened with different documents.

What will be the change

Bank account holders having multiple bank accounts, whose bank accounts are linked to the same number, will be affected. They may have to enter another number in their KYC form. Those who have joint accounts will also have to update their other number in the KYC form.

This means that in the coming days, account holders having more than one account may have to undergo more verification. More documents may be demanded from them for KYC. Let us tell you that recently RBI took action against Paytm Payment Bank due to ignoring KYC rules. RBI does not want any irregularities in the KYC related matters of banks, hence it is in a mood to be more strict.

The post Bank Accounts Holders : If more than one bank accounts are linked to the same phone number, then know the important news, RBI is preparing for big changes. first appeared on Rightsofemployees.com.

PNB has sent two notices to the customers who have not yet done KYC. The bank has also asked customers to get KYC done by sending an SMS to their registered mobile number. In such a situation, if KYC is not done, the bank account will not be able to be used after 31 August. Your bank account may be frozen.

How to check whether KYC is done or not?

You will have to call the customer care to know whether your Punjab National Bank’s KYC has been done or not. The bank said that customers can get more information by calling the customer care number 18001802222 or 18001032222. Both these numbers are toll free.

PNB Bank KYC

Update your PNB KYC details by filling and submitting the KYC form. You can do this only if there is no change in KYC information. You can also give information through your registered email id. If there is a change in your information, then you will have to go to the bank branch. KYC will not be updated without visiting the branch. Here you will also have to submit the form and document.

The post PNB KYC Update Notice: Do this work before August 31, 2023, Otherwise your account may be closed first appeared on Rightsofemployees.com.

However, banks always advise their customers to be alert and avoid such messages. Recently HDFC Bank customers are getting such fraud messages to update KYC. To trap the customers, such messages are being sent from random numbers that their KYC is yet to be updated with the bank. By sending such messages, the fraudsters loot the deposited money of the customers within minutes. HDFC Bank has advised its customers to beware of such messages.

Receives message for KYC update

Recently HDFC Bank customers are getting such messages asking them to update KYC immediately. Along with this message, a link also comes on which customers are asked to click. At the same time, if this is not done, a warning is also given to block the bank account. Customers get trapped in this and click on the link and the money is disappeared from their account.

This is what the fake message looks like:

HDFC Bank customers are getting this message – “Update KYC for HDFC Account immediately! Please update it by clicking https://rb.gy/xaotao0yygu otherwise your account will be blocked Thank you.” According to an email sent by HDFC Bank to its customers, do not respond to messages sent from any 10 digit number asking for your bank details. HDFC Bank never asks you to share your OTP, CVV, or any personal information like Aadhaar and PAN card numbers through SMS or email.

Bank cautions customers

HDFC Bank said in a tweet last days that customers should protect themselves from fraud! Always check in such messages that from which ID it has been sent to you. HDFC Bank sends you messages from your official ID from HDFCBK/HDFCBN & links only. Whereas its links start from http://hdfcbk.io. Do not click on links in messages received from unknown numbers requesting PAN/KYC update or other banking information. You can contact report.phishing@hdfcbank.com to report such fake SMS or mail.

The post HDFC Bank Customers: Big news! HDFC Bank told how to identify fake SMS? first appeared on Rightsofemployees.com.