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    Question

    According to RBI’s KYC Directions, which account type

    can have relaxed identification requirements under specific circumstances?
    A Fixed Deposit Account Correct Answer Incorrect Answer
    B Recurring Deposit Account Correct Answer Incorrect Answer
    C Small Account Correct Answer Incorrect Answer
    D Joint Account Correct Answer Incorrect Answer
    E High-Value Savings Account Correct Answer Incorrect Answer

    Solution

    Under RBI’s KYC Directions, "Small Accounts" can have relaxed KYC requirements, allowing individuals with limited documentation to open an account with certain restrictions on transaction limits and usage.

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