immediate credit of outstation cheques of other banks may be provided by the branch to the satisfactorily conducted accounts up .....

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

immediate credit of outstation cheques of other banks may be provided by the branch to the satisfactorily conducted accounts up ____

A	RS.15000/-
B	RS.20000
C	RS.25000
D	RS.30000

Explanation:

Detailed explanation-1: -Immediate credit would also be subject to the following criteria. a) The account should be in Indian Rupees. b) The cheque / DD should be drawn on a scheduled commercial bank, payable in India (excluding a co-operative bank). c) The facility shall be extended to the customer at his / her base branch only.

Detailed explanation-2: -Immediate Credit will be provided for outstation cheques upto Rs 5000/-to the individual account holders subject to the below mentioned criteria. 1. Value of cheque shall not exceed Rs.

Detailed explanation-3: -Immediate credit for local/outstation cheques – Customers are required to make a specific request for such a facility. This facility would be provided to customers who have an account with the branch for a period of more than 1 year.

There is 1 question to complete.