Can I Do KYC Online for SBI? A Comprehensive Guide

Introduction:

KYC (Know Your Customer) is a mandatory requirement for opening a bank account in India. It involves verifying the identity and address of the customer. In the past, KYC was done manually by visiting the bank branch. However, with the advent of technology, SBI (State Bank of India) now offers online KYC services for the convenience of its customers.

How to Do KYC Online for SBI:

1. Register on SBI Online Net Banking:
If you haven't already, you need to register for SBI Net Banking to access online KYC services. Visit the SBI website and click on "New User Registration." Follow the instructions to create your login credentials.

2. Schedule a Video KYC Call:
Once you're registered for SBI Net Banking, log in and navigate to the "KYC" section. Click on "Schedule Video KYC" and select a time slot that suits you. You will receive an SMS with the video call details.

3. Attend the Video KYC Call:
At the scheduled time, join the video call using the link provided in the SMS. A bank representative will verify your identity using your Aadhaar card or PAN card and capture your live photo.

4. Submit Documents:
You will need to submit scanned copies of your Aadhaar card or PAN card and a proof of address (e.g., passport, driving license, utility bill). Upload the documents in the designated section of the video KYC platform.

5. Verification and Approval:
The bank will verify the documents you submitted and may ask for additional information if necessary. Once your KYC is verified, you will receive a confirmation message.

Benefits of Online KYC for SBI:

• Convenience: You can complete your KYC from anywhere, anytime.
• Time-saving: Avoid long queues and waiting times at the bank.
• Paperless: Eliminates the need for physical documentation.
• Secure: The video call verification process ensures the authenticity of your identity.

Important Points to Note:

• Ensure you have a stable internet connection for the video KYC call.
• Keep your original documents handy for verification.
• You can only do online KYC if you have an Aadhaar card or PAN card linked to your SBI account.
• If your KYC is not approved, you may need to submit additional documents or visit a bank branch.

Stories on Humorous KYC Experiences

1. The Case of the Missing Photo:

A customer scheduled a video KYC call but forgot to turn on his webcam. The bank representative tried to explain the importance of capturing a live photo, but the customer insisted on sending a selfie he had taken earlier. Needless to say, his KYC was not approved.

Lesson: Always follow the instructions carefully and ensure your webcam is working properly before attending a video KYC call.

2. The Art of Impersonation:

During a video KYC call, a customer tried to impersonate his brother by wearing a mask and changing his voice. However, the bank representative quickly noticed inconsistencies in his demeanor and asked for additional proof of identity.

Lesson: Do not attempt to impersonate anyone else during a KYC process. It is illegal and will result in your KYC being rejected.

3. The Curious Case of the Doggy Co-Star:

A customer's pet dog decided to join him during his video KYC call. While it may have been a cute interruption, the dog's incessant barking made it difficult for the bank representative to conduct the verification process.

Lesson: Keep your pets out of the room during video KYC calls to avoid any potential distractions.

Useful Tables

Table 1: Documents Required for Online KYC

Table 2: Comparison of Online KYC vs. Offline KYC

Table 3: Tips for Successful Online KYC

Call to Action:**

If you need to complete your KYC for your SBI account, don't hesitate to schedule a video KYC call today. It's a convenient and time-saving way to verify your identity and ensure that your bank account is compliant.