Question

According to the RBI guidelines on customer identification, which of the following transaction scenarios mandates customer due diligence (CD

  • D for Regulated Entities (REs)?
A When a walk-in customer conducts a transaction for less than ₹50,000
B When international money transfer operations are carried out for a person who is not an account holder of the RE
C When the customer is an existing account holder, and no changes are made to their account information
D When a customer performs multiple small transactions, none of which exceed ₹50,000
E When a customer provides self-declaration of their address without official verification
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