Question
What is the maximum term loan sanction allowed for
accounts opened using Aadhaar OTP-based e-KYC?Solution
• RBI permits opening of bank accounts using Aadhaar OTP-based e-KYC, but such accounts face restrictions due to limited verification. • One such restriction is that borrowal accounts under this category cannot have term loan sanctions exceeding ₹60,000 in a year. • This acts as a risk-control measure, ensuring that higher-value credit is extended only after full KYC compliance. Thus, the maximum sanction is ₹60,000 per year.
Mercury: Planet :: Gold: ?
Inane
Select the most appropriate synonym of the given word.Â
MOTIVE
- Choose the word similar in meaning to the given word:
Irascible The detective was known for his astute observations.
Choose the synonym of ZenithÂ
RESOLVE
The management (A) is hopping (B) that employees (C) will inspire (D) each other to cycle to work.
...QUAYÂ
Too powerful to be defeated or overcome
Relevant for Exams:
