Module: General Practice
Q41: A "Small Account" can be credited with foreign remittances, provided the amount does not exceed ₹10,000 in a month.
✅ Correct Answer: B
The bank shall not allow foreign remittance to be credited into the account unless it fully establishes the identity of the customer as per paragraph 23 or paragraphs 26 and 27 (full KYC). Foreign remittance rules for small accounts are part of the IIBF AML KYC Exam 2026.