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Answer

Correct Option is 2 years

Solution:RBI extended deadline for Periodic KYC Update till March 31, 2022
The Reserve Bank of India (RBI) has extended the deadline for periodic Know Your Customer (KYC) updation in bank accounts till March 31, 2022, from the previous deadline of December 31, 2021, due to the Omnicron variant of the COVID-19 in India.
The deadline was extended so that no restriction can be placed on bank accounts related to cash deposits, withdrawals etc. due to non-compliance with KYC requirements.
Periodic updation of KYC needs to be carried out at least once every 2 years for high-risk customers, once in every 8 years for medium risk customers and once in every 10 years for low risk customers from the date of opening of the account or last KYC updation.

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