Question

    What is the bulk deposit limit for banks as per RBI

    guidelines?
    A ₹1 crore and above Correct Answer Incorrect Answer
    B ₹2 crore and above Correct Answer Incorrect Answer
    C ₹5 crore and above Correct Answer Incorrect Answer
    D ₹10 crore and above Correct Answer Incorrect Answer
    E ₹15 crore and above Correct Answer Incorrect Answer

    Solution

    The RBI defines bulk deposits as single rupee deposits of ₹2 crore and above for scheduled commercial banks (excluding RRBs). This threshold is used for differential interest rate policies.

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