BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
INR 7 lakh and for INR 8 Lakh
|
|
|
INR 5 lakh and for INR 6 Lakh
|
|
|
INR 3 lakh and for INR 4 Lakh
|
|
|
INR 1 lakh and for INR 1 Lakh
|
Detailed explanation-1: -Investment. You can open an account with a minimum investment of INR 1000 and maximum investment of INR 15 lakh. For an investment below INR 1 lakh, the depositor has to pay in cash. For any investment above INR 1 lakh, cheque payments are mandated.
Detailed explanation-2: -An individual who has attained the age of 60 years or above on the date of opening of an account or an individual who has attained the age of 55 years or more but less than 60 years and has retired under Superannuation, VRS or Special VRS, can open an account.
Detailed explanation-3: -If the account is closed after the first year and before the end of the second year, an amount equal to 1.5 per cent of the deposit is deducted as penalty. If the account is closed on or after the second year, an amount equal to 1 per cent of the deposit is deducted.
Detailed explanation-4: -The government of India offers the Senior Citizens’ Savings Scheme (SCSS) that assists senior citizens in saving for retirement and receiving quarterly interest payments. SCSS offers an interest rate of 7.4% for the quarter ending 31 March 2022.
Detailed explanation-5: -A person can put in a maximum of INR 4.5 lacs in MIS (this includes his/ her share in joint accounts). For calculation of share of an individual in joint account, each joint holder have equal share in each joint account.