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Date: 2025-08-11 Category: Not Applicable State: Union Government Country: India

Visits by Governor and Deputy Governors to Re-KYC Camps conducted by banks

Issued by Reserve Bank of India · Not Applicable

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Executive Summary & Key Takeaways

**Summary:** The Reserve Bank of India (RBI) is actively monitoring and supporting a nationwide campaign focused on enhancing financial inclusion (FI) and updating Know Your Customer (reKYC) compliance. This campaign, running from July 1, 2025, to September 30, 2025, targets Gram Panchayats across the country. As of August 11, 2025, over 141,000 camps have been conducted, completing reKYC for over 3.5 million accounts. The initiative aims to saturate FI schemes, create awareness about unclaimed deposits, and address customer grievances. Senior RBI officials, including Governor Shri Sanjay Malhotra and Deputy Governors Shri M Rajeshwar Rao and Shri Swaminathan J, have been visiting these camps to assess progress and encourage collaboration between banks, the RBI, and local communities. During these visits, officials interacted with bank customers, business correspondents, Self Help Groups, and bank representatives. They emphasized the importance of KYC compliance for uninterrupted banking services and encouraged customers to enroll in social security schemes and raise any grievances. Banks are urged to collaborate with RBI and local communities to improve access to banking services and expand the reach of government financial inclusion programs. For further information, contact the Department of Communication, Central Office, Reserve Bank of India, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001. Email: helpdoc@rbi.org.in, Phone: 022-2266 0502. Website: www.rbi.org.in.

Key Entities Referenced

Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system. Referred to as RBI in the text. Financial Inclusion: Initiatives and schemes aimed at extending access to financial services to all individuals and businesses, especially those excluded from the formal financial system. Abbreviated as FI in the text. reKYC: Re-performing Know Your Customer (KYC) procedures for existing bank accounts to update customer information and ensure compliance with regulatory requirements. Sanjay Malhotra: Governor of Reserve Bank of India (RBI) who visited a reKYC camp in Gujarat. Bank of Baroda: A major public sector bank in India whose MD & CEO was present at the camp visited by the RBI Governor. Gozaria Gram Panchayat, Mehsana, Gujarat: The specific location in Gujarat where the RBI Governor visited a reKYC camp. M Rajeshwar Rao: Deputy Governor of Reserve Bank of India (RBI) who visited a reKYC camp in Ranchi. Ormanjhi Gram Panchayat, Ranchi: The specific location in Ranchi where the RBI Deputy Governor visited a reKYC camp.
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प्रेस प्रकाशनी PRESS RELEASE भारतीय ररज़र्व ब ैंक RESERVE BANK OF INDIA वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502 August 11, 2025 Visits by Governor and Deputy Governors to Re-KYC Camps conducted by banks Banks are engaged in a country-wide campaign, being conducted at Gram Panchayat level from July 1, 2025 to September 30, 2025, for saturation of Financial Inclusion (FI) schemes, as part of which, re-KYC of bank accounts is also being undertaken. The camps are also being utilized to create awareness about unclaimed deposits and to redress grievances. As on August 11, 2025, over 1.41 lakh camps have been held and re-KYC in over 35 lakh accounts has been completed. The progress in achievement of the expected outcomes is being monitored closely by the Government and Reserve Bank. With a view to provide further impetus to the ongoing campaigns, Governor Shri Sanjay Malhotra visited a camp at Gozaria Gram Panchayat, Mehsana, Gujarat on August 11, 2025. MD & CEO, Bank of Baroda was present along with Regional Director, RBI and senior officials from other banks. During the visit, Governor interacted with bank customers, business correspondents, Self Help Groups as well as representatives of various banks who participated in the camp. Addressing the participants on this occasion, Governor underscored the importance of greater collaboration among banks, RBI and local communities to make banking services more accessible to all citizens and to improve the coverage of various financial inclusion schemes of the Government through these campaigns. Earlier, Deputy Governor Shri M Rajeshwar Rao paid a visit to a camp held at Ormanjhi Gram Panchayat in Ranchi on August 8, 2025 and reviewed the progress in coverage of accounts under re-KYC. Regional Director, RBI and senior bank officials were present. On August 9, 2025, Shri. Swaminathan J, Deputy Governor visited a camp held at Thirukandalam Gram Panchayat, Tiruvallur District, Tamil Nadu. MD & CEO and EDs from Indian Bank and Indian Overseas Bank were present apart from the District Collector, Regional Director, RBI and senior officials from other banks. During their visits, the Deputy Governors engaged with the customers, bankers and business correspondents. In their address, they underlined the importance of KYC and the responsibility of customers to update their KYC details with the bank as and when required, for getting uninterrupted and safe banking services. Customers were also requested to make use of the opportunity to enrol themselves in various social security schemes and to represent their grievances, if any, for redress. The camps will continue till September 30, 2025 across all Gram Panchayats and bank customers are advised to make full use of the services being offered in these camps. (Puneet Pancholy) Press Release: 2025-2026/887 Chief General Manager

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