SBI is working on a 1-time KYC process
SBI is shaking up its process—by March 2026, you'll only need to do your Know Your Customer (KYC) paperwork once, and it'll work for any SBI service, anywhere.
No more repeating the same steps every time you open an account or apply for a loan.
This is all part of their "Saral" project to make banking less of a hassle.
What's the update?
Right now, SBI has 15 different KYC setups, which means a lot of extra forms and waiting around—even if you're already a customer.
A team of over 50 experts is building this new system to cut down on paperwork and speed things up.
It's also in line with what the RBI and other regulators want: a unified KYC process that can be used across all regulated financial services, not just banks.
For anyone tired of endless verifications, this could finally make banking feel a bit more modern and user-friendly.