New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What is the time period within which the mount of the

    dividend, including interim dividend, shall be deposited in a scheduled bank in a separate account from the date of declaration?
    A Within 5 days Correct Answer Incorrect Answer
    B Within 7 days Correct Answer Incorrect Answer
    C Within 15 days Correct Answer Incorrect Answer
    D Within such period as maybe prescribed Correct Answer Incorrect Answer

    Solution

    Explanation: Section 123.Declaration of dividend- (4) The amount of the dividend, including interim dividend, shall be deposited in a scheduled bank in a separate account within five days from the date of declaration of such dividend.

    Practice Next