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    Question

    Under the Periodic KYC Updation protocol, what is the

    minimum requirement for advance intimations before the due date?
    A Two advance intimations; at least one must be an SMS Correct Answer Incorrect Answer
    B Three advance intimations; at least one must be a letter Correct Answer Incorrect Answer
    C Four advance intimations; at least one must be an e-mail Correct Answer Incorrect Answer
    D Three advance intimations; all must be digital only Correct Answer Incorrect Answer
    E One advance intimation; any mode is acceptable Correct Answer Incorrect Answer

    Solution

    Explanation: Banks and regulated entities must send at least three advance notices reminding customers of KYC updation . Importantly, one of these has to be in the form of a physical letter , ensuring communication reaches customers even if digital modes are inaccessible.  

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