BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Maximum loan amount to individuals against physical security shares can be____
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20 lakh
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15 lakh
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25 lakh
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10 lakh
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Explanation:
Detailed explanation-1: -(Loans against shares not to exceed Rs 10 lacs if the purpose is for subscribing to IPOs.)
Detailed explanation-2: -Minimum loan amount for eligibility is Rs. 1, 00, 000 and the maximum is Rs. 20, 00, 000.
Detailed explanation-3: -You can get a loan against your securities, mutual funds, insurance, or bonds, stocks, shares (equity shares and Demat shares and more) for all your financial needs.
Detailed explanation-4: -As per RBI rules and regulations, loans against security of shares, convertible bonds, convertible debentures and units of equity bound mutual funds mustn’t exceed the limit of Rs. 10 lakh, if the securities area are held control in physical type and Rs.
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