No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2021-22/144 · issued 30 Dec 2021 · ~1 min read
Quick answerRBI extends the relaxation on KYC updation restrictions until March 31, 2022, due to COVID-19 uncertainty. Banks must not impose account operation restrictions for non-compliance during this period.
What changed
The relaxation provided in the May 5, 2021 circular on periodic KYC updation restrictions has been extended. The new deadline for compliance is now March 31, 2022, instead of the earlier date.
What it means for you
Banks and regulated entities must continue to hold off on restricting account operations for customers who haven't completed periodic KYC updates. This gives customers more time to comply without facing service disruptions, reducing operational friction during the pandemic.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Update internal systems to reflect the extended deadline of March 31, 2022 for KYC updation.
Communicate the extension to branch staff and customer-facing teams to avoid premature restrictions.
Continue to remind customers to complete KYC updates, but do not enforce account operation restrictions until after the new deadline.
Monitor RBI circulars for any further extensions or changes.
Who it affects
All regulated entities (banks, NBFCs, payment banks, etc.), Customers with pending periodic KYC updates
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-18 07:06 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn03 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the new deadline for KYC updation without restrictions?
The relaxation on account operation restrictions for non-compliance with periodic KYC updation is extended until March 31, 2022.
Does this circular apply to all types of accounts?
Yes, it applies to all regulated entities and their customers, as per the earlier circular dated May 5, 2021.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #271: DOR.AML.REC.74/14.01.001/2021-22 — "Periodic Updation of KYC - Restrictions on Account Operations for Non-compliance" dated December 30, 2021”
📜 Read the original circular — full text as issued by RBI
RBI/2021-22/144
DOR.AML.REC.74/14.01.001/2021-22
December 30, 2021
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance
Please refer to our circular DOR.AML.REC 13/14.01.001/2021-22 dated May 5, 2021 , on the captioned subject.
2. In view of the prevalent uncertainty due to new variant of Covid-19, the relaxation provided in the aforementioned circular is hereby extended till March 31, 2022.
Yours faithfully,
(Prakash Baliarsingh)
Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2021-22/144 · issued 30 Dec 2021. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12213&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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