Module: General Practice
Q29: Regulated Entities (REs) may undertake Video based Customer Identification Process (V-CIP) for all of the following purposes except:
✅ Correct Answer: D
V-CIP is permitted for new CDD, converting OTP accounts, and periodic updation, but not specifically for opening 'Small Accounts' which have their own simple procedures.
This distinction helps in solving RBI KYC Guidelines MCQs.
This distinction helps in solving RBI KYC Guidelines MCQs.