The Reserve Bank of India advised banks to make the Know Your Customer (KYC) procedures mandatory while opening and operating the accounts. Under section 35A of which act has the RBI issued the KYC guidelines?
These guidelines are issued under Section 35A of the Banking Regulation Act, 1949 and Rule 9(1D) of Prevention of Money-Laundering (Maintenance of Records) Rules, 2005. Any contravention thereof or non-compliance shall attract penalties under Banking Regulation Act.
21, 44, 78, 121, 179, 246
14, 16, 22, 46, 172, 886
2100, 2140, 2186, 2240, 2300, 2372
15, 30, 30, 20, 10, 8
97, 98, 107, 132, 181, 264
1152 3456 432 1296 164 486
3, 4, 9, 28, 116, 566, 3397
66, 220, 384, 543, 702, 861
20.5, 30, 40.5, 53, 64.5, 78
44, 57, 81, 119, 170, 234, 311.
