The Reserve Bank of India (RBI) on September 11, 2026, invites comments on the Draft Reserve Bank of India (Know Your Customer) Amendment Directions, 2026.
The draft amendments to the Know Your Customer (KYC) Directions, 2025, proposes an SOP for banks to place temporary debit holds on amounts or accounts linked to money-mule activity and cyber-enabled financial fraud. The draft provides guidance on actions to be taken by banks in such cases and applies, for consultation, to Commercial Banks (including SFBs, Payments Banks, RRBs and Local Area Banks) and Urban Cooperative Banks.
Stakeholders and the public may submit comments on the draft by October 2, 2026, through RBI’s Connect 2 Regulate portal or by email.
[Press Release: 2026-2027/1109]
