Home › SBI PO › Banking Awareness › Banker-Customer Relationship › A small account must be opened only at a branch …
A small account must be opened only at a branch linked to:
ACore Banking Solution
BCentral Banking Statute
CCurrency Banking Schedule
DClearing Banking Standard
Answer & Solution
Correct answer: A. Core Banking Solution
1. The limits have to be watched before every transaction.
2. Foreign remittances must be kept out.
3. So the branch must be CBS linked.
_Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_
Related questions
If the CDD documents have expired, the bank must run KYC equal to:At periodic updation the bank verifies PAN details from the:A customer may have KYC updated at:KYC done at one branch is valid when the account moves to:KYC of a low risk customer must be updated at least once every:KYC of a medium risk customer must be updated at least once every:KYC of a high risk customer must be updated at least once every:A customer acceptance policy must not deny banking to the: