Here are the answers to the questions: 1) According to RBI guidelines, utility bills submitted for address proof should not be older than how many months? 2) What are the objectives of KYC? 3) Under w

Here are the answers to the questions:

1) 1. According to RBI guidelines, utility bills submitted for address proof should not be older than how many months?
According to RBI guidelines, utility bills submitted as address proof should not be older than two months from the date of submission.

• Two months

2) 2. What are the objective of kyc.?
The objectives of Know Your Customer (KYC) include verifying customer identities, facilitating effective risk management for financial institutions, and preventing money laundering and terrorist financing.

• All of the above

3) 3. Under what specific conditions is form 60 an acceptable document?
Form 60 is typically accepted from individuals who do not have a Permanent Account Number (PAN) for certain financial transactions, especially when the total loan outstanding is below a threshold where PAN becomes mandatory.

• Form 60 is accepted only from individuals who lack a pan and whose total loan outstanding is below Rs. 2 lakhs.

4) 4. What is the minimum kyc update frequency for high-risk customers?
For high-risk customers, the minimum KYC update frequency, as per regulatory guidelines, is at least once every two years.

• 2 years