SBI decides to permit acceptance of documents for KYC updation through mail or post

State Bank of India (SBI) has decided to permit acceptance of documents for KYC updation through mail or post, in view of difficulties faced by customers due to local lockdown induced by the second wave of COVID-19. The move is expected to be followed by other public sector lenders.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.