Order the steps of opening an account
Exercise and reference answers
- Steps
- Customer applies at a branch
- Officially valid document taken
- Customer due diligence run
- Beneficial owner identified
- KYC record sent to CKYCR
- KYC Identifier shared back
- Instructions
- Tap the steps in the order the bank works through them.
Explanation
_Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_