BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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250000
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500000
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1000000
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100000
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Detailed explanation-1: -Transaction Limit: Rs. 30 Lakhs per transaction and Rs. 75 lakhs per day.
Detailed explanation-2: -Amount up to Rs. 50, 000 may be paid in cash to a beneficiary in India. Any remittance exceeding Rs. 50, 000 shall be paid entirely by means of account payee cheque, demand draft, payment order, etc., or credited directly to the beneficiary’s bank account only.
Detailed explanation-3: -The IMPS limit depends on the respective bank’s policy and can range anywhere between ₹10, 000 and ₹2 lakh.
Detailed explanation-4: -What is the NEFT limit in Bank of Baroda? Bank of Baroda has a maximum limit of Rs. 5 lakhs for NEFT transfers done through mobile banking or internet banking. For NEFT transactions done through the bank branch, there is no limit.