Module: General Practice
Q43: Which of the following statements regarding Enhanced Due Diligence (EDD) for non-face-to-face customer onboarding (other than Aadhaar OTP e-KYC) are correct?
Customers onboarded through such modes shall be categorized as high-risk and subjected to enhanced monitoring.
The first transaction in such an account shall be a credit from an existing KYC-complied bank account of the same customer.
These accounts are automatically converted to medium-risk after one year of satisfactory operation.
The first transaction in such an account shall be a credit from an existing KYC-complied bank account of the same customer.
These accounts are automatically converted to medium-risk after one year of satisfactory operation.
✅ Correct Answer: A
Statements 1 and 2 are correct EDD measures.
Statement 3 is incorrect as the high-risk tag remains until verification.
Understanding EDD protocols is essential for mastering RBI KYC Guidelines MCQs.
Statement 3 is incorrect as the high-risk tag remains until verification.
Understanding EDD protocols is essential for mastering RBI KYC Guidelines MCQs.