πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      The Reserve Bank of India (RBI) has increased the

      threshold limit of non-callable deposits for providing more flexibility to depositors. The threshold limit has been increased to how much from Rs.15 lakh?
      A Rs.85 lakh Correct Answer Incorrect Answer
      B Rs.91 lakh Correct Answer Incorrect Answer
      C Rs.1 crore Correct Answer Incorrect Answer
      D Rs.1.2 crore Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India (RBI) has increased the threshold limit of non-callable deposits to Rs 1 crore from Rs 15 lakh now, a move that would provide more flexibility to depositors.Β  This means all domestic term deposits accepted from individuals for an amount of Rs 1 crore and below will have premature withdrawal facility. These new norms for commercial and co-operative banks are applicable with immediate effect.

      Practice Next
      ask-question