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.
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.
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:
Examples of Periodic Updation in a sentence
In accordance with the RBI circular dated 05/01/2023, on Periodic Updation of KYC details of customers, if there is no change in KYC information and documents, a self-declaration to that effect from the individual customer is sufficient to complete the Re-KYC process.
Periodic Updation of MD KYC, 2016 updated as on 10/05/2021) Bank should adopt a risk-based approach for periodic updation of KYC.
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
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.
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.
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