Question
According to the RBI’s guidelines on the Sovereign
Gold Bond (SGB) Scheme, what discount is provided to investors who apply online and make payments through digital mode?Solution
The circular "Sovereign Gold Bond (SGB) Scheme" provides a ₹50 per gram discount to investors who apply online and pay through digital mode.
What is required for conducting V-CIP (Video-Based Customer Identification Process)?
What is the threshold aggregate annual credit limit for deposit accounts opened using Aadhaar OTP-based e-KYC?
What is the maximum aggregate withdrawal limit for a small account per month where KYC is not completed ?
The minimum capital requirement for setting up a new universal bank in the private sector as per RBI is:
Which of the following is not allowed in small accounts?
What are sweat equity shares?
An Indian exporter raises a Letter of Credit (LC) worth USD 1,00,000. The exchange rate on the LC issuance date is ₹83.50/USD. The bank charges 0.25% ...
A customer deposits ₹5 lakh in a fixed deposit for 3 years. The bank offers an interest of 6% per annum, compounded quarterly. Which formula is used t...
In the context of banking, 'Credit Risk' refers to the risk of:
A bank’s Profit before appropriations = ₹20 crore. Statutory reserve requirement is 25%. The bank also transfers ₹2 crore to Investment Fluctuatio...
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