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      Question

      What is the minimum limit for bulk deposits for local

      area banks as per the recent guidelines by the RBI?
      A Rs. 50 Lakhs Correct Answer Incorrect Answer
      B Rs. 1 Crore Correct Answer Incorrect Answer
      C Rs. 5 Crore Correct Answer Incorrect Answer
      D Rs. 10 Crore Correct Answer Incorrect Answer
      E Rs. 20 Crore Correct Answer Incorrect Answer

      Solution

      ┬а The RBI has set the minimum limit for bulk deposits at Rs. 1 Crore for local area banks, ensuring such deposits are beneficial for the local economy.

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