The Reserve Bank of India (RBI) has extended the last date for periodic KYC update till March 31, amid Omicron uncertainties and has advised banks and other regulated entities not to take restrictive action against customers till the fiscal end. Earlier in May, the RBI had extended the last date for updation of KYC by regulated entities till December-end because of the second wave of the coronavirus pandemic.

from Times of India https://timesofindia.indiatimes.com/business/india-business/rbi-extends-deadline-for-periodic-kyc-update-till-march-31/articleshow/88587690.cms