Pardon my pessimism...but I feel you also have to be wary that your hard earned wealth is not snatched away from you:
I started receiving my Pvt bank's messages for kyc updating a month ago. I didnt like going to the branch as their reps try to sell you unwanted products. This (could be) a strategy to make you visit your branch and the RM can try to sell some investment products. A week ago I put some money in it. Yesterday when I tried to transfer it, found they'd blocked the ac. I had to go to the atm and withdraw and transfer to another bank.
Turns out that the period of kyc updating is at bank's discretion. But havent faced this problem with other banks..
I feel even if one leaves the corporate world, still one cant stay out of the rat race.