Question
What is the maximum balance that can be allowed at any
time in case of the Basic Savings Bank Deposit Accounts?Solution
The total credit should not be more than Rs 1 lakh in a year in the BSBDA accounts whereas the maximum balance at any point of time should not be more than Rs 50000. The cash withdrawals and transfers in a month should not be more than Rs 10000 in a month. Foreign remittances will not be allowed in such accounts before completing the normal KYC facilities. These accounts are normally valid for 12 months and can be extended for a period of another 12 months in case the account holder submits the proof regarding application for the KYC documents.Â
Which Indian cricketer confirmed his T20 international retirement after winning the ICC Men’s T20 World Cup 2024?
Former Chief Minister of _____ and veteran Congress leader and Hemananda Biswal passed away.Â
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SmartFin, an end-to-end digital supply chain finance (SCF) platform, powered by Veefin Solutions has been launched that will help drive the required o...
