BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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INR. 50, 000/
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INR. 10, 000/
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INR. 25, 000/
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INR. 75, 000/-
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Detailed explanation-1: -Amounts up to INR. 50, 000/-may be paid to the beneficiary in cash. Any amount exceeding this limit shall be paid by means of account payee Cheque or credited directly to the Savings Account standing in the Post Office in the name of the beneficiary.
Detailed explanation-2: -There is no limit to the amount of money that you can travel with, receive and send overseas. You don’t need to declare money that you transfer overseas or receive from overseas through a bank or a remittance service provider (money transfer business).
Detailed explanation-3: -Amounts upto Rs. 50, 000/-may be paid in cash. Any amount exceeding this limit shall be paid by means of cheque/D.D./P.O. etc. or credited directly to the beneficiary’s account only.
Detailed explanation-4: -12 transactions can be received by a single beneficiary in a calendar year.
Detailed explanation-5: -Amounts up to Rs. 50, 000/-may be paid in cash.