📷 Image: Wikimedia Commons / Kuldeepburjbhalaike
Business
Raipur Bank Sets 30 Oct KYC Deadline, Warns of Transaction Freeze, Account Closure
✍️ Patrika News
🗓 05 Oct 2026, 01:36 PM
👁 15
A Raipur‑based bank has given customers until 30 October to complete their KYC update, after which transactions may be halted and accounts closed.
The bank operating in Raipur has issued a notice that all account holders must update their Know Your Customer (KYC) details by 30 October. The directive states that failure to comply will result in a suspension of all electronic transactions and could lead to the closure of the affected accounts.
Customers have been advised to visit the nearest branch or use the bank's digital channels to submit the required identity and address documents. The bank emphasized that the deadline aligns with recent regulatory reminders from the Reserve Bank of India, which stress timely KYC compliance to curb fraud and ensure financial stability.
The notice, circulated through SMS and email, urges account holders to act promptly to avoid service disruption. The bank has not disclosed the number of customers impacted, but officials said the measure applies to all retail accounts that have not completed the latest KYC verification.
Bank representatives confirmed that once the KYC update is received, normal transaction facilities will be restored without further action required from the customer.
Customers have been advised to visit the nearest branch or use the bank's digital channels to submit the required identity and address documents. The bank emphasized that the deadline aligns with recent regulatory reminders from the Reserve Bank of India, which stress timely KYC compliance to curb fraud and ensure financial stability.
The notice, circulated through SMS and email, urges account holders to act promptly to avoid service disruption. The bank has not disclosed the number of customers impacted, but officials said the measure applies to all retail accounts that have not completed the latest KYC verification.
Bank representatives confirmed that once the KYC update is received, normal transaction facilities will be restored without further action required from the customer.