1. Simplified Due Diligence (SDD) is permissible for:
Politically Exposed Persons.
High Net Worth Individuals.
Self-Help Groups (SHGs) for their savings account.
Foreign Portfolio Investors.
Explanation:
SDD is allowed for low-risk customers like SHGs to promote financial inclusion. For SHG savings accounts, CDD of all members is not required; CDD of office bearers suffices.