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      Question

      What is the maximum aggregate balance permitted in bank

      accounts opened using Aadhaar OTP-based e-KYC in a non-face-to-face mode?
      A ₹50,000 Correct Answer Incorrect Answer
      B ₹1,00,000 Correct Answer Incorrect Answer
      C ₹1,50,000 Correct Answer Incorrect Answer
      D ₹2,00,000 Correct Answer Incorrect Answer
      E ₹60,000 Correct Answer Incorrect Answer

      Solution

      • RBI allows Aadhaar OTP-based e-KYC for opening accounts in non-face-to-face mode, but with restrictions. • Such accounts cannot have an aggregate balance exceeding ₹1,00,000 at any time. • These accounts must be converted into full-KYC accounts within 1 year, failing which restrictions may apply. • This safeguard helps in risk mitigation and prevents misuse.

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