BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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six
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two
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five
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four
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Detailed explanation-1: -In BSBDA, banks are required to provide free of charge minimum four withdrawals, including through ATM and other mode. Beyond four withdrawals, it is left to discretion of the banks to either offer free or charge for additional withdrawal/s.
Detailed explanation-2: -1 lakh The aggregate of all withdrawals and transfers during the month not to exceed Rs. 10, 000/-The balance at any point of time not to exceed Rs. 50, 000/-. Maximum of only 4 withdrawals per month (including ATM WITHDRAWALS) is allowed free of charge.
Detailed explanation-3: -Aggregate of all credits in a Financial Year should not exceed Rs. 1.00 lac. Maximum 4 withdrawals in a month, including ATM withdrawals at own and other Bank’s ATMs and transactions through other mode including RTGS/NEFT/Clearing/Branch cash withdrawal/transfer/internet debits/standing instructions/EMI, etc.
Detailed explanation-4: -If the balance exceeds INR 50, 000 or total credit in the account exceeds INR 1, 00, 000 in a year, no further transaction will be permitted until the full KYC procedure is completed. Maximum 4 withdrawals in a month are allowed.