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Questions asked by panel members

Here is the list of questions asked by panel members in Mock interview. This is provided by candidates who attended mock interview in Trichy. What are the questions asked by panel members? Self intro, mechanical questions, why arrears, fiscal policy, rbi related questions, payments Bank, private banks, pm awas Yojana What is the difference between nationalized banks and public sector banks? What is hypothecation, pledge and mortgage? What are the types of ways we can return the money to someone? What is banking regulation act? Self intro What is bank About my education Why banking after your degree How ur degree is useful in banking Neft and rtgs diffrence Crr amd slr rate What is budget Demand and term deposit Deficit What's rbi function What's clean note policy And banking terms explanation And asked about career cap and why I didn't pursue higher education Details about mudra loan You have a long gap after the degree so panel members won't select you. There is only 3...
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RBI - Periodic Updation of KYC details of Customers

Periodic Updation of KYC details of Customers

1. The Reserve Bank has, from time to time, taken measures to rationalise the KYC related instructions taking into account the available technological options for enhancing customers’ convenience within the framework prescribed under the Prevention of Money Laundering Act, 2002 (PMLA) and rules framed thereunder. The process for the periodic updation of KYC (re-KYC) was simplified in May 2021 (Section 38 of RBI Master Direction on KYC).

2. As per the present guidelines, if there is no change in KYC information, a self-declaration to that effect from the individual customer is sufficient to complete the re-KYC process. The banks have been advised to provide facility of such self-declaration to the individual customers through various non-face-to-face channels such as registered email-id, registered mobile number, ATMs, digital channels (such as online banking / internet banking, mobile application), letter, etc., without need for a visit to bank branch. Further, if there is only a change in address, customers can furnish revised / updated address through any of these channels after which, the bank would undertake verification of the declared address within two months.

3. As the banks are mandated to keep their records up-to-date and relevant by undertaking periodic reviews and updations, a fresh KYC process / documentation may have to be undertaken in certain cases including where the KYC documents available in bank records do not conform to present list of the Officially Valid Documents (viz., passport, driving license, proof of possession of Aadhaar number, the Voter's Identity Card, job card issued by NREGA and letter issued by the National Population Register) or where the validity of the KYC document submitted earlier may have expired. In such cases, the banks are required to provide an acknowledgement of the receipt of the KYC documents / self-declaration submitted by the customer.

4. Fresh KYC process can be done by visiting a bank branch, or remotely through a Video based Customer Identification Process (V-CIP) (wherever the same has been enabled by the banks), as provided in Section 18 of the Master Direction on KYC.

5. Individual customers of banks are encouraged to get more information on the different options available to them from their bank for (a) completing re-KYC (such as submission of self-declaration through various non-face–to-face channels mentioned in para 2); OR (b) completing fresh KYC by visiting a bank branch or remotely through V-CIP.


Source : RBI

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