Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q41: If there is any update in the documents submitted by a customer at the time of establishing an account-based relationship, within what period must the customer submit the update to the Regulated Entity (RE)?

A
Within 7 days of the update.
B
Within 30 days of the update.
C
Within 90 days of the update.
D
At the time of the next scheduled periodic updation.
βœ… Correct Answer: B
Customers must submit updates to their documents within 30 days.
This timeline for customer compliance is a specific fact often checked in RBI KYC Guidelines MCQs.