Mumbai: Reserve Bank of India (RBI) has extended the last date for periodic KYC updates until March 31, amid omicron uncertainty and has suggested other regulated banks and entities not to take restriction action against customers until the end.
Previously in May, the RBI had extended the last date for KYC updates with the entity set to the end of December because of the second wave of Coronavirus pandemic.
“Given the uncertainty that is common because the new variant of Covid-19, relaxation provided in …
circular (related to periodic renewal of KYC – limit on non-compliance operations issued in May) with this extended until March.
31, 2022,” said RBI on Thursday.
In May, the RBI has suggested a regulated entity not forcing the restrictions on the customer’s account operations for their failure to comply with KYC update norms until the end of December.
Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…
Sonīpat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…
PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…
Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…
Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…
Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…