Question

What is the intended purpose of the 5% run-off factor enforced by the Reserve Bank of India on digitally accessible retail deposits?

Q: Answer-What is the intended purpose of the 5% run-off factor enforced by the Reserve Bank of India on digit...

The 5 run-off factor is aimed at managing withdrawal risks, especially from internet and mobile banking, where large, quick withdrawals could affect liquidity.

A To promote digital banking

B To minimize transaction fees

C To manage withdrawal risks in digital banking

D To increase liquidity in rural banks

E To attract more digitally accessible deposits

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What is the intended purpose of the 5% run-off factor enforced by the Reserve Bank of India on digitally accessible retail deposits?

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