Question
Under RBI’s KYC Directions, which category of bank
account is permitted to be opened with simplified documentation (relaxed KYC norms), subject to restrictions on balance and transaction limits?Solution
• RBI permits opening of Small Accounts with relaxed KYC requirements, mainly to promote financial inclusion. • Such accounts can be opened with only a self-attested photograph and signature/thumb impression (no full KYC initially). • However, they come with restrictions: o Maximum balance: ₹50,000 at any time. o Aggregate credits: Not more than ₹1,00,000 in a year. o Aggregate withdrawals/transfers: Not exceeding ₹10,000 in a month. • To continue operating beyond 12 months, the account holder must complete full KYC.
What was the respective ratio between the number of Petrol Perfect Cars manufactured by Honda Company and the number of defective Cars manufactured by M...
The number of male crew members working in Indigo and Emirates together is approximately what percent more or less than that of the total number of fema...
The given histogram represents the frequency distribution of average runs scored by 50 selected players from a district in a local cricket tournament. <...
By what per cent should the sales of Santro be increased so that its sales volume in Maharashtra becomes 18000, while in all other states remaining the...
If total sales of cars of all brands together increases by 10% in 2018 and the the sales of Santro in Maharshtra increased by 15% keeping percentage dis...
Study the given graph and answer the question that follows.
...If Worker E works alone for 15 days, how many units of the project will remain incomplete after this period?
Water consumption in 2014 will be approximately how many times the total no. of consumer all over the years?
What is the difference between the sales of Santro in Uttrakhand and that in Haryana?( in thousand units)
If no of consumers in 2018 is 120% more than in 2013 while the consumption remain same as in 2017, then what will be the impact of no of units consumed ...
Relevant for Exams:
