📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    In August 2023, RBI has issued revised rules for penal

    interest on loans. When will these rules become effective?
    A 1 Oct 2023 Correct Answer Incorrect Answer
    B 1 Nov 2023 Correct Answer Incorrect Answer
    C 1 Dec 2023 Correct Answer Incorrect Answer
    D 1 Jan 2024 Correct Answer Incorrect Answer
    E 1 April 2024 Correct Answer Incorrect Answer

    Solution

    It will come into effect on 1 January 2024.

    Practice Next
    More Beepedia Questions