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.
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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
What are the legal and Risk documents to be uploaded for IMPS?
KYC/AML Declaration & Questionnaire, Compliance form, Board Resolution, RBI License, Letter of Authority/RBI Mandate, Non -Disclosure Agreement, Tri-partite agreement, Wavier letter Bank/ASP
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.
What is expiry date for Production keys?
Within 90 days the bank need to complete production activity after key generation.
In which cases of business requirement, Risk is applicable?
• Switch migration • Additional switch vendor • New bank (applying for that product for the first time) • Sub-member to Direct member • Sponsor bank change