Banks will charge 1 KD for updating Civil id information
An official statement from the Central Bank of Kuwait said, banks will charge 1 KD for updating Civil ID information which will be starting from July 2019. This action will be implemented for those clients who fail to visit their banks in order to update their contact information. Even, getting bank reminders from banks.
The purpose of taking 1 KD fee is the charge for doing the work on behalf of the client. The local banks will also demand from the Public Authority for Civil Information (PACI). Client will start receiving reminder messages before one month to the expiry date. The Central Bank of Kuwait not able to provide the information on the elegance period a client will be given before the charge is imposed an official statement from the Central Bank of Kuwait.
Banks will block the account of those clients who fail to update their contact information. To avoid from this inconvenience various banks facilitate the process of updating the information through ATM just in few simple steps. The facility will be available for 24 hours a day without assistance of the bank’s staff.