General Studies · KYC Guidelines
According to the RBI guidelines regarding photographs of account holders, which statement is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A photograph is mandatory only for new accounts and existing accounts classified as high risk.
- 2A photograph is mandatory for all accounts, including those of non-individual entities, where photographs of all directors must be submitted.
- 3A photograph is mandatory for all new savings accounts, but optional for existing accounts.
- 4A photograph is mandatory for all accounts, except for accounts opened by officials who are authorized signatories.✓
Correct answer
A photograph is mandatory for all accounts, except for accounts opened by officials who are authorized signatories.
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