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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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