Reserve Bank of India on Thursday has extended the mandatory requirement of updating KYC information periodically by three months to 31 March 2022. The relaxation has been given taking into account the prevailing uncertainty around the new omicron variant.

“In view of the prevalent uncertainty due to the new variant of Covid-19, the relaxation provided in the aforementioned circular is hereby extended till March 31, 2022,” the central bank said in a notification.

The new deadline is March 31, 2022, according to the RBI.