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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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