Module: | Priority Sector, Consumer Protection & Digital Lending
Q51: Regarding the "Due Notices for Periodic Updation of KYC," what is the minimum number of advance intimations and subsequent reminders a bank must send to a customer before the due date and after the due date, respectively?
✅ Correct Answer: C
Prior to the due date, the bank shall give at least three advance intimations.
Subsequent to the due date, the bank shall give at least three reminders.
Subsequent to the due date, the bank shall give at least three reminders.