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KYC of a medium risk customer must be updated at least once every:
AFive years
BSeven years
CEight years
DThree years
Answer & Solution
Correct answer: C. Eight years
1. High risk customers are updated every two years.
2. Low risk customers get the longest cycle.
3. Medium risk customers sit at eight years.
_Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_
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