Question
What is the maximum aggregate balance allowed in
accounts opened using Aadhaar OTP-based e-KYC in non-face-to-face mode?Solution
The regulations specify that accounts opened using Aadhaar OTP-based e-KYC cannot exceed an aggregate balance of ā¹1,00,000. This limit acts as a risk mitigation measure to ensure proper verification and reduce the potential misuse of such accounts. Ā
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Ā Inventor of FM Radio:
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