Periodic Updation definition

Periodic Updation means steps taken to ensure that documents, data or information collected under the CDD process is kept up-to-date and relevant by undertaking reviews of existing records at periodicity prescribed by the Reserve Bank.
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Periodic Updation means steps taken to ensure that documents, data or information collected under the CDD process is kept up-to-date and relevant by undertaking reviews of existing records at periodicity prescribed by RBI and/or NHB.
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Periodic Updation means steps taken to ensure that documents, data or information collected under the CDD process is kept up-to-date and relevant by undertaking reviews of existing records at periodicity prescribed by NHB. The Company shall carry out periodic KYC updation as under:
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Examples of Periodic Updation in a sentence

  • Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance RBI/2021-22/29 DOR.

  • The mandatory information which is required to be obtained from the Customers for KYC purpose while opening an account and during the Periodic Updation, shall be specified.

  • Certified copy of OVD containing identity and address shall be obtained at the time of Periodic Updation from individuals except those who are categorized as 'low risk'.

  • A Company shall carry out Periodic Updation at least once in every 2 (Two) years for high risk Customers, once in every 8 (Eight) years for medium risk Customers and once in every 10 (Ten) years for low risk Customers.

  • Periodic Updation: Periodic KYC updation should be conducted at least once every two years for high risk customers, once in eight years for medium risk and once in ten years for low risk customers.

  • Periodic Updation of the Dashboard pertaining to the Empowerment of Women.

  • The beam weighed approx- imately 40 tons, was over 6 feet tall and 130 feet in length.

  • Soil organic carbon (SOC) is required to estimate carbon stocks; there is a relationship between C- band SAR HH and SOC in winter.

  • Periodic Updation 24Enhanced and Simplified Due Diligence Procedure 2533.

  • Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance- Circular dated May 05, 2021 Keeping in view the ongoing COVID-19 pandemic, RBI has advised REs that no restrictions on operations of customer accounts whose periodic updation of KYC is due and pending as on date shall be imposed till December 31, 2021.


More Definitions of Periodic Updation

Periodic Updation means steps taken to ensure that documents, data or information collected under the CDD process is kept up-to-date and relevant by undertaking reviews of existing records at periodicity prescribed by the Reserve Bank. The process followed by the Company for periodic updation is explained in this document.
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Periodic Updation means steps taken to ensure that documents, data or information collected under the CDD process is kept up-to-date and relevant
Sample 1Sample 2Sample 3
Periodic Updation means steps taken to ensure that the documents, data or information collected under Customer Due Diligence is kept up to date and relevant by undertaking reviews of existing records at periodicity prescribed by NHB.
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Periodic Updation means steps taken to ensure that documents, data or information collected under the CDD process is kept up-to-date and relevant by undertaking reviews of
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Related to Periodic Updation

  • Periodic Report means the Company’s quarterly report on Form 10-Q or annual report on Form 10-K, as applicable.

  • Periodic Billing Requirement means, for any Remittance Period, the aggregate amount of Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.

  • Periodic Reports means the Company’s (i) Annual Reports on Form 10-K, (ii) any Quarterly Report to be filed on Form 10-Q and (iii) all other financial reports required to be filed by the Company with the Commission under applicable laws and regulations (including, without limitation, Regulation S-K) for so long as any amounts are outstanding under this Debenture or any Other Debenture; provided that all such Periodic Reports shall include, when filed, all information, financial statements, audit reports (when applicable) and other information required to be included in such Periodic Reports in compliance with all applicable laws and regulations.