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A compliant V-CIP is treated as being on par with:
ADeemed OVD proof
BSmall account rules
CFace to face CIP
DThird party CDD
Answer & Solution
Correct answer: C. Face to face CIP
1. The process must meet prescribed standards.
2. Once it does, it is not treated as second best.
3. It ranks with face to face identification.
_Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_
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