Where to upload risk and Legal documents?

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• 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

• 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 documents required for cluster approach?

  Along with risk & legal documents, waiver letter from bank & ASP is required.

• What are the documents to be shared in hardcopy for IMPS legal agreements?

  Only TPA and NDA can be shared as hardcopies with the On-boarding team to verify, and the Maharashtra state should be mentioned in the stamp papers to push for legal approval.

• 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.