Question
Which of the following is not permitted in a Small
Account under RBIās KYC Directions?Solution
ā¢ Small Accounts are designed to promote financial inclusion but with restricted operations until full KYC is completed. ā¢ Key restrictions include: o Balance limit: ā¹50,000 at any time. o Monthly withdrawal/transfer limit: ā¹10,000. o Annual aggregate credits: ā¹1,00,000. ā¢ However, foreign remittances are not allowed in Small Accounts unless the account holder completes full KYC procedures. ā¢ Domestic credits like government subsidies, DBT (Direct Benefit Transfer), wages, etc. are permitted.
In which Indian state, specifically at the historic excavation site, have archaeologists unearthed a crystal quartz used as a weighing unit dating back ...
In which year was the āNamami Gange Integrated Conservation Mission Programmeā approved by the Government of India?
Consider the following statements in reference to Harsha Chhina Mogha Morcha.
1. It was an agrarian revolt launched in June 1946 by remodellin...
Match List-I with List-II.
The powers and functions of Gram Sabha are conferred by the law of the state under which article?
According to the legal order of the Indian Constitution, which of the following words is literally 'presenting body (person)'?
Which of the following statements about the functions of the State Finance Commission is/are correct?
1. It reviews the financial position of the...
Twitter, the micro blogging platform has recently been rebranded as?
What is the class of the 4th Submarine INS Vela ?
Which Indian city is famously referred to as the Diamond City?Ā Ā
Relevant for Exams:
