RBI Grade B Officers Aug 2013 Papers

(5) As per a guideline issuedby the Reserve Bank of Indiaon 23 July 2013, Banks willnow be required to updateKYC data only once in twoyears for high risk entities,and just once in 10 years forlow-risk clients. For mediumrisk individuals and entities ithas been relaxed to at leastevery eight years, from not lessthan once in two years.