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

    Question

    Under the revised RBI norms, banks can maintain current

    or overdraft accounts without restrictions for customers having aggregate exposure of less than which amount? 
    A ₹5 crore Correct Answer Incorrect Answer
    B ₹7.5 crore Correct Answer Incorrect Answer
    C ₹10 crore Correct Answer Incorrect Answer
    D ₹15 crore Correct Answer Incorrect Answer
    E ₹25 crore Correct Answer Incorrect Answer

    Solution

    As per the revised RBI directions on cash credit, current, and overdraft accounts, banks are now allowed to maintain current or overdraft accounts without restrictions for customers whose aggregate exposure is below ₹10 crore. This move aims to improve fund monitoring, transaction tracking, and credit discipline, especially for business accounts.  

    Practice Next
    More Daily Beepedia Current Affairs Questions

    Relevant for Exams:

    ask-question