The RBI notified recently that the timeline for the conversion of minimum KYC for prepaid payment in...........

Current GK (IBPS-CL) Banking Awareness

The RBI notified recently that the timeline for the conversion of minimum KYC for prepaid payment instruments (PPIs) to full KYC compliant PPIs, the time has been extended from 18 months to ________.

This questions was previously asked in

IBPS CLERK MAINS (19 JAN 2020)

View All IBPSCl Previous Year Papers

36 months

24 months

20 months

22 months

30 months

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Explanation:

Correct option 2: 24 months

Timeline to Complete Full KYC for PPIs like Paytm, others Increased to 24 Months. The RBI has notified that the timeline for conversion of minimum KYC detail for prepaid payment instruments (PPIs) to full KYC compliant PPIs has been extended from 18 months to 24 months.