Home › IBPS Clerk › Banking Awareness › Banker-Customer Relationship › KYC of a low risk customer must be updated at le…
KYC of a low risk customer must be updated at least once in:
AFour years
BTen years
CTwo years
DSix years
Answer & Solution
Correct answer: B. Ten years
1. High risk is every two years and medium every eight.
2. Low risk gets the longest interval.
3. That interval is ten years.
_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: