Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: | Deposits, Reserve Ratios & Branch Authorisation

Q263: In the Digital KYC process, if a customer does not have their own mobile number, the bank is strictly prohibited from using the mobile number of a family member or relative for the purpose of OTP verification.

A
True
B
False
C
True, unless the customer is a minor.
D
True, unless the customer is a senior citizen.
✅ Correct Answer: B
If the customer does not have their own mobile number, the bank may use the mobile number of their family / relatives / known persons for this purpose and clearly mention it in the CAF.