What is a primary condition under RBI guidelines for REs

Q: Answer-What is a primary condition under RBI guidelines for REs when onboarding non-resident customers with...

For NRIs and foreign nationals, RBI guidelines allow REs to accept documents certified by authorized officials, such as the Indian Embassy or Consulate in the customers country, when onboarding with limited KYC.

when onboarding non-resident customers with limited KYC documentation?

A Conduct background verification in the host country

B Limit transaction value to ₹50,000

C Verification must be done by Indian Embassy or Consulate

D Open account with a co-signer

E Require both Aadhaar and PAN

Practice Next

More Banking Operations Questions

Name the Google computer program that defeated a professional GO player.
Which of the following folk dances is performed by the tribes of Araku Valley in Visakhapatnam District?
Which of the following are building blocks of proteins?
In which river has the National Waterways-2 (NW-2) been developed in India?
Which portal has been developed by RBI for unclaimed deposits?
A money in bank account is treated as Unclaimed money deposit after ___ years?
Phumdis, the floating islands are the unique features of which of the following lakes?
______ is reducing the degree or intensity of, or eliminating, pollution.
The Reserve Bank of India was nationalised on ________.
Which of the following countries can now use the Indian rupee to settle its trade with India in addition to other currencies, as per an announcement mad...

Relevant for Exams:

SIDBI Grade A (Assistant Manager)

What is a primary condition under RBI guidelines for REs

Solution

Relevant for Exams: