Module: | KYC, NPAs, Advances & Investment Valuations
Q256: While opening an account, the bank must verify the Permanent Account Number (PAN) from the verification facility of the issuing authority. If the customer furnishes an Officially Valid Document (OVD) that does not have an updated address, they are required to submit an OVD with the current address within a period of …… months.
✅ Correct Answer: B
The customer shall submit OVD with current address within a period of three months of submitting the deemed OVDs.