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Dear Customer, RBI has clarified asset classification norms on 12/11/2021, this may impact your loan/advance account with us. for details click here
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Is SCSB required to validate/verify details given in ASBA?

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Is SCSB required to validate/verify details given in ASBA?

No, SCSB is not required to validate the details given in ASBA application. SCSB is however required to follow the normal diligence required in banking transactions.