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    Question

    The RBI revised its instructions on Bulk Deposits for

    Urban Co-operative Banks (UCBs) in January 2024. Under this revision, what is the minimum amount considered a "Bulk Deposit" for Tier 3 and 4 Scheduled UCBs?
    A ₹10 lakh Correct Answer Incorrect Answer
    B ₹15 lakh Correct Answer Incorrect Answer
    C ₹1 crore Correct Answer Incorrect Answer
    D ₹50 lakh Correct Answer Incorrect Answer
    E ₹5 crore Correct Answer Incorrect Answer

    Solution

      As per the circular titled "Review of Instructions on Bulk Deposits for Urban Co-operative Banks (UCBs)," RBI revised the minimum amount of bulk deposits for Tier 3 and 4 UCBs to ₹1 crore from ₹15 lakh for other UCBs.

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