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      Question

      In the January 2024 circular on bulk deposits, which

      tier of UCBs has a revised bulk deposit threshold set at β‚Ή1 crore?
      A Tier 1 and 2 Correct Answer Incorrect Answer
      B Tier 2 and 3 Correct Answer Incorrect Answer
      C Tier 3 and 4 Correct Answer Incorrect Answer
      D Tier 4 only Correct Answer Incorrect Answer
      E All UCBs Correct Answer Incorrect Answer

      Solution

      The circular "Review of Instructions on Bulk Deposits for Urban Co-operative Banks" specifies that for Tier 3 and 4 UCBs, bulk deposits are defined as β‚Ή1 crore and above.

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