Module: | Deposits, Reserve Ratios & Branch Authorisation
Q277: During periodic updation of KYC for an individual customer, if there is a change only in the address details, the bank must verify the declared address through "positive confirmation" within what timeframe?
✅ Correct Answer: B
In case of a change only in the address details, the bank shall obtain a self-declaration and verify the declared address through positive confirmation within two months.