Module: General Practice
Q51: 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.
Address verification rules are part of the IIBF AML KYC Exam 2026.
Address verification rules are part of the IIBF AML KYC Exam 2026.