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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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