Q25: For undertaking Customer Due Diligence (CDD) for an individual, what must be obtained in addition to their identity and address proof (like Aadhaar or an OVD)?

The Permanent Account Number (PAN) or Form No. 60.

A letter of introduction from an existing customer.

A declaration of financial status certified by a notary.

A certified copy of their birth certificate.

✅ Correct Answer: A

For undertaking CDD of an individual, REs shall obtain the PAN (or the equivalent e-document) or Form No.

60.

This requirement is fundamental to financial tracking and RBI KYC Guidelines MCQs.

Bank Promotion Exam Guide