Module: General Practice
Q19: When a Reporting Entity (RE) opens a new account for a customer, it must upload the KYC data to the Central KYC Records Registry (CKYCR). What is the strict timeline for this upload?
✅ Correct Answer: C
The Deadline: The RBI Master Direction mandates that Regulated Entities must capture the KYC information and upload it to the CKYCR system within 10 days of the commencement of the relationship (account opening). Effect: Once uploaded, the customer receives a 14-digit CKYC Identifier (KIN), which can be used at other banks to avoid submitting documents again.