New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the duration for which Payment Service Providers

    must maintain their books of accounts, records, and documents as per IFSCA regulations?
    A 3 years Correct Answer Incorrect Answer
    B 5 years Correct Answer Incorrect Answer
    C 7 years Correct Answer Incorrect Answer
    D 10 years Correct Answer Incorrect Answer
    E 12 years Correct Answer Incorrect Answer

    Solution

    Payment Service Providers are required to maintain and preserve their books of accounts, records, and documents for a minimum of ten years from the date of commencement of operations.

    Practice Next