RBI KYC Relaxation Deadline for Low-Risk Customers
The Reserve Bank of India (RBI) issued new Know Your Customer (KYC) relaxations in May 2025. These relaxations specifically address low-risk customers.
Under these updated guidelines, low-risk customers are permitted to continue their transactions without mandatory KYC updates until a specific date.
The extended period for these low-risk customers to conduct transactions without completing further KYC formalities concludes on 30 June 2026.
Therefore, based on the RBI's May 2025 notification, the KYC relaxations for low-risk customers are valid until 30 June 2026.
Important Questions from Banking Affairs
As per the provisions of Union Budget 2021-22, how many public sector banks have been lined up for disinvestment?
What is the repo rate given by the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) as on 7 April 2021?
On 25 September 2020,_________ announced that they will launch a contactless debit card-based payment facility through phones called 'Safe Pay', allowing transactions up to ₹20,000 per day.
In November 2020, India and _________ jointly launched Phase 2 of the Rupay card.
In November 2020, the Union Cabinet of India approved the merger of capital-starved Lakshmi Vilas Bank (LVB) with _______________.
