The Press Information Bureau (PIB) issued a statement on November 11, 2024, that said the Secretary of the Department of Financial Services (DFS), M. Nagaraju, led a meeting with all stakeholders engaged in executing the new Know Your Customer (re-KYC) process for Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders. In the meeting, Nagaraju proposed utilizing every method for re-KYC, including fingerprints, facial recognition, and taking declarations when there was no change in KYC documents, via all channels like ATMs, mobile banking, internet banking, and various digital platforms. He stated that banks should also aim to adopt best practices as adopted by other similar banks. Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a nationwide initiative for financial inclusion. The strategy aims to provide universal access to banking services, ensuring that ‘every adult’ has at least one basic banking account. Accounts that were opened under this scheme from August 2014 to December 2014 will be eligible for re-KYC. He said that “approximately 10.5 crore PMJDY accounts were opened in the mission” and that they are all now in line to get their re-KYC done as 10 years have passed since the accounts were opened. Re-KYC is essential for any bank account holder to ensure that the client’s details are not outdated and still relevant. This helps the financial institutions to stay updated on their client’s personal details and contact information. Here is how you can get your re-KYC done in the following banks: Punjab National Bank Here are several methods to resubmit KYC for a Pradhan Mantri Jan Dhan Yojana (PMJDY) account in PNB: Utilize digital channels: Financial institutions can make use of ATMs, mobile banking, online banking, and various digital platforms for executing re-KYC. Utilize OTP-driven eKYC: PNB provides an OTP-driven eKYC service. Utilize the immediate video KYC feature: PNB provides an immediate video KYC feature. Yes Bank How to refresh Canara bank KYC via online banking Step 1: Access YES Service Portal Step 2: A re-KYC pop-up will appear, or choose the re-KYC Service Request. Step 3: Select the suitable choice Step 4: Finalize via Aadhaar E-KYC verification and submit State Bank of India How to perform re-KYC in SBI for standard and Jan Dhan accounts You can refresh your KYC via SBI's online banking: Step 1: Access your SBI net banking account. Step 2: Select the My Accounts & Profile section Step 3: Choose Update KYC Step 4: Input your profile password and hit Submit. Step 5: Choose your account from the list and press Submit. Step 6: Provide the details, upload any updated and relevant documents if there are changes, and submit. Enter the OTP received on your registered mobile number to refresh your KYC. The customers must carry their original documents which they referred to while creating their bank account in case any discrepancy is found in the records or for any reason stated by the bank. To update KYC information due to any address change, it's necessary to complete the Annexure C-Self Declaration form and provide additional documents. Canara Bank How to refresh Canara Bank KYC via online banking Step one: Sign in with your credentials. Step two: Select additional services and then choose Re-KYC. Step three: Submit the necessary documents.

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