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    Question

    What is the maximum aggregate withdrawal/transfer limit

    per month for a Small Account where full KYC has not been completed?
    A ₹5,000 Correct Answer Incorrect Answer
    B ₹10,000 Correct Answer Incorrect Answer
    C ₹15,000 Correct Answer Incorrect Answer
    D ₹20,000 Correct Answer Incorrect Answer
    E ₹50,000 Correct Answer Incorrect Answer

    Solution

    • Small Accounts can be opened with simplified documentation, but they come with restrictions: o Monthly withdrawal/transfer limit: ₹10,000 o Yearly credit cap: ₹1,00,000 o Maximum balance at any time: ₹50,000 • These restrictions stay until full KYC is completed. • If not converted into a full-KYC account within 12 months, the account may face restrictions.  Thus, the maximum monthly withdrawal is ₹10,000.

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