Case Study-3 CAIIB RETAIL

As we know banks and financial institutions are constantly committed to stop money

laundering by fulfilling the KYC norms of the customers. It helps in banks to know the

customer as well as help them to satisfy their needs. By KYC norms bank can cross sale

and up sale their product to the targeted group segment.

Q.1 What are the minimum time to revise KYC in A/c= 2 Years

Q.2 What is the time period for revise KYC to Low risk, Medium risk and High risk

customer consecutively- Ans : 10 : 8 : 2 Years

Q.3 What can be used as an official valid document for KYC purposes?

i) PAN CARD ii) JOB CARD issued by NREGA iii) RATION CARD

Q.4 If a customer opens a small saving bank account without fulfilling KYC Norms. His

annually dr. cr kitne honge