In which cases of business requirement, Risk is applicable?

• Related Articles

• Where to upload risk and Legal documents?

  Risk docs need to be uploaded under Documents – AML/Risk field, and legal agreements to upload under Documents – Agreements/reports

• Who are applicable for Cluster approach?

  A set of banks will be classified as cluster banks if they have the same 1. Application service provider (ASP) 2. Switch software & version 3. CBS software & version 4. Reconciliation system. Further, this is applicable only for select Products & ...

• What is expiry date for Risk and Legal approval?

  Yes, for Legal it is 6 months if the agreement is executed in Gujrat and Maharashtra Stamp paper; For Risk, is 90 days.

• What is Business detailed requirement for this request field in C-flow for UPI?

  If your bank is applying for first time for UPI, then you should select the "Business detailed requirement" as New bank; In case you are raising a request for additional scopes - please select "Business detailed requirement" as Existing bank.

• Is any validity for risk documents?

  Yes, it should be within the 90 days’ validity from authorized signatory. If the document submitted is signed more than 90 days ago, then it will not be accepted.