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    Question

    What is the maximum term loan sanction allowed for

    accounts opened using Aadhaar OTP-based e-KYC?
    A тВ╣20,000 Correct Answer Incorrect Answer
    B тВ╣30,000 Correct Answer Incorrect Answer
    C тВ╣50,000 Correct Answer Incorrect Answer
    D тВ╣60,000 Correct Answer Incorrect Answer
    E тВ╣1,00,000 Correct Answer Incorrect Answer

    Solution

    тАв RBI permits opening of bank accounts using Aadhaar OTP-based e-KYC, but such accounts face restrictions due to limited verification. тАв One such restriction is that borrowal accounts under this category cannot have term loan sanctions exceeding тВ╣60,000 in a year. тАв This acts as a risk-control measure, ensuring that higher-value credit is extended only after full KYC compliance. Thus, the maximum sanction is тВ╣60,000 per year.

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