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      Question

      As per RBI guidelines, what is the maximum demand

      deposit limit allowed under simplified KYC accounts?
      A ₹2 lakh Correct Answer Incorrect Answer
      B ₹4 lakh Correct Answer Incorrect Answer
      C ₹5 lakh Correct Answer Incorrect Answer
      D ₹6 lakh Correct Answer Incorrect Answer
      E ₹1 lakh Correct Answer Incorrect Answer

      Solution

      RBI permits a maximum demand deposit balance of ₹6 lakh in simplified KYC accounts like Small or Basic Savings Bank Deposit Accounts.

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