Bank of Baroda customers beware! Do this work by March 24, otherwise, the account may be closed
If you have a bank account in the public sector Bank of Baroda, then this news is useful for you. BoB has issued a notice asking customers to undergo Central KYC (C-KYC).
If you have an account with the Bank of Baroda, then this news is very useful for you. BOB Bank has issued an alert for its customers. The bank said that they should complete their 'Know Your Customers' (C-KYC) process as soon as possible. For this, he has fixed a time limit. If a customer does not do this work in time, then he may be in trouble. Bank can deactivate the account without KYC. For this, the bank is informing its customers by giving notice and through SMS.
Bank of Baroda has announced in a tweet that it is mandatory for all customers to complete the process of Central KYC (C-KYC) by March 24, 2023. Failure to do so may deactivate your bank account. In view of the increasing fraud, the Reserve Bank of India (RBI) advises all the banks in the country to get KYC done.
BOB has issued a notice asking customers to undergo Central KYC (C-KYC). According to the bank, customers who have received notice, phone, SMS and call from the bank to get C-KYC done, should immediately go to the branch and get C-KYC done. All the customers should go to the branch of the bank and complete this process by submitting their documents. Customers have to settle this work first from March 24.
If you do not submit KYC documents by ignoring the notice of the bank, then you may have to face many problems. Those who do not do this work may face many problems related to banking transactions. Money issued on your behalf may get stuck. With this, if someone has transferred money, then there can be trouble with that too. At the same time, if transactions through ATMs and checks can also be affected. Failure to do so may lead to the deactivation of the bank account.