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    Question

    The Reserve Bank of India (RBI) has decided to enhance

    the bulk deposit limit for Scheduled Primary (Urban) Co-operative Banks (UCBs) in Tier 3 and 4 to what amount and above
    A Rupees fifteen lakh Correct Answer Incorrect Answer
    B Rupees fifty lakh Correct Answer Incorrect Answer
    C Rupees one crore Correct Answer Incorrect Answer
    D Rupees five crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The RBI has decided to enhance the bulk deposit limit for Scheduled Primary (Urban) Co-operative Banks (UCBs) in Tier 3 and 4 to Rupees one crore and above. This means that for Tier 3 and 4 UCBs, "Bulk Deposit" would now mean single Rupee term deposits of Rupees one crore and above, while for all other UCBs (i.e., other than Scheduled UCBs in Tier 3 and 4), it would mean single Rupee term deposits of Rupees fifteen lakh and above.

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