Q260: Which of the following is NOT a permitted use case for the Video-based Customer Identification Process (V-CIP)?

Onboarding of new individual customers.

Conversion of existing accounts opened in non-face-to-face mode using Aadhaar OTP based e-KYC.

Periodic updation of KYC for eligible customers.

Opening of accounts for shell banks located in foreign jurisdictions.

✅ Correct Answer: D

V-CIP is permitted for new individual customers, conversion of OTP-based accounts, and periodic updation.

Opening accounts for shell banks is prohibited entirely.

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