BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 6.00 lakh
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Rs 4.50 lakh
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Rs 9.00 lakh
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Rs 11.50 lakh
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Detailed explanation-1: -Latest Update: Budget 2023-24: The maximum deposit limit for the monthly savings scheme is enhanced from Rs.4.5 lakh to Rs.9 lakh for a single account and from Rs.9 lakh to Rs.15 lakh for a joint account.
Detailed explanation-2: -The Post Office Monthly Income Scheme (POMIS)’s limit has been enhanced to Rs 9 lakh from Rs 4 lakh for single account holders, according to Budget 2023. In case of joint holding, the limit has been increased to Rs 15 lakh from Rs 9 lakh. A person who opens an MIS will receive a monthly income in the form of interest.
Detailed explanation-3: -Finance Minister Nirmala Sitharaman announced the new limit for the popular Post Office investment scheme will be Rs 9 lakh from the present Rs 4.5 lakh for single account holders. The new limit for the joint account holders will be Rs 15 lakh from the current Rs 9 lakh.
Detailed explanation-4: -Monthly Interest for 5 Lac Fixed Deposit in Post Offices The Post Office Monthly Income Scheme locks your funds for 5 years, and the current interest rate is 6.6% per annum. Thus, you earn Rs 2, 750 per month in interest and the total interest payout per year is Rs 33, 000 for a 5 Lac Fixed Deposit.