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      Question

      What is the minimum duration for which a small account

      can remain operational after opening without furnishing an Officially Valid Document (OVD)?
      A 6 months Correct Answer Incorrect Answer
      B 12 months Correct Answer Incorrect Answer
      C 18 months Correct Answer Incorrect Answer
      D 24 months Correct Answer Incorrect Answer
      E 36 months Correct Answer Incorrect Answer

      Solution

      Small accounts can remain operational for an initial period of 12 months. This duration can be extended for another 12 months if the account holder furnishes evidence of applying for an OVD during the first 12 months.

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