RBI Draft Circular on Updation/ Periodic Updation of KYC [PDF]

The Reserve Bank of India (RBI) has issued a draft circular proposing revised instructions for updating and periodically updating Know Your Customer (KYC) details. The new draft guidelines, titled ‘Updation/ Periodic Updation of KYC – Revised Instructions’, were released on the RBI’s official website today.

This move aims to amend the existing instructions outlined in paragraph 38 of the Master Direction – Know Your Customer (KYC) Direction, 2016, which governs how banks and financial institutions collect and update KYC information from their customers. The draft document is named the Reserve Bank of India (Know Your Customer (KYC)) (Amendment) Directions, 2025.

Public Comments Invited Till June 6, 2025

In keeping with its commitment to transparency and stakeholder involvement, the RBI has invited comments and suggestions on the proposed changes from the general public, banks, and other stakeholders. The last date for submitting feedback is June 6, 2025.

How to Submit Feedback

Stakeholders can share their views through the ‘Connect 2 Regulate’ section on the RBI website. Alternatively, comments can be sent directly to:

The Chief General Manager
Business Conduct Group
Department of Regulation, Central Office
Reserve Bank of India, 12/13th Floor
Shahid Bhagat Singh Marg, Fort
Mumbai – 400 001

Or via email to the official ID mentioned on the RBI website [[email protected]]

• Download Draft Circular PDF