Q37: For an individual customer categorized as low risk, what is the extended timeline provided for the updation of KYC that has fallen due?

All transactions are allowed, and updation must be done within one year of its falling due or upto June 30, 2026, whichever is later.

The account is immediately frozen, and updation must be done within 30 days.

All transactions are allowed, but updation must be completed by December 31, 2025.

Only credit transactions are allowed, and updation must be done within six months of its falling due.

✅ Correct Answer: A

For low-risk individuals, transactions are allowed, and updation must be done within one year of falling due or upto June 30, 2026.

This relaxation clause is a recent update relevant to RBI KYC Guidelines MCQs.

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