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Compliance officer at an Indian bank reviewing RBI regulations with FinSamvaad

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How often must KYC records be updated for a high-risk customer?

Periodic updation is required at least once every two years for high-risk customers, eight years for medium risk, and ten years for low risk. [1]

Reference: [1] Master Direction – Know Your Customer (KYC) Direction, 2016

Does our internal onboarding policy follow the same cycle?

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