In September 2026, how long would an account holder have to respond to a suspected money-mule transaction hold under the RBI's draft KYC directions?
Question and options
In September 2026, how long would an account holder have to respond to a suspected money-mule transaction hold under the RBI's draft KYC directions?
- 7 days
- 20 days
- 10 days
- 45 days
Answer and explanation
Correct answer: B - 20 days
The RBI released the draft on 11 September 2026. It would give account holders 20 days to explain the suspected transaction or account.
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