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        <h1>RBI Proposes Updated KYC Guidelines for Financial Institutions, Inviting Public Feedback on Comprehensive Customer Verification Process</h1> The Reserve Bank of India has released a draft circular on KYC (Know Your Customer) Updation and Periodic Updation, seeking public comments until June 6, 2025. The draft amendment modifies existing KYC instructions from the 2016 Master Direction. Stakeholders can submit feedback through the bank's website or by email to the specified department in Mumbai.

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