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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 β‚Ή50,000 Correct Answer Incorrect Answer
      B β‚Ή1,00,000 Correct Answer Incorrect Answer
      C β‚Ή1,50,000 Correct Answer Incorrect Answer
      D β‚Ή2,00,000 Correct Answer Incorrect Answer
      E β‚Ή60,000 Correct Answer Incorrect Answer

      Solution

      β€’ RBI allows Aadhaar OTP-based e-KYC for opening accounts in non-face-to-face mode, but with restrictions. β€’ Such accounts cannot have an aggregate balance exceeding β‚Ή1,00,000 at any time. β€’ These accounts must be converted into full-KYC accounts within 1 year, failing which restrictions may apply. β€’ This safeguard helps in risk mitigation and prevents misuse.

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