Question

Regarding 'Small Accounts' (Simplified KY

  • C , consider the following statements: 1. The aggregate of all credits in a financial year should not exceed ₹1 Lakh. 2. The aggregate of all withdrawals and transfers in a month should not exceed ₹10,000. 3. The balance at any point in time should not exceed ₹50,000. Which of the statements above is/are correct? 
A 1 and 2 only
B 2 and 3 only
C 1, 2, and 3
D 1 and 3 only
E 3 only
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