BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RS.1/-
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RS.5/-
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RS.50/-
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RS.100/-
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Detailed explanation-1: -Many Indian banks allow their account holders the right to withdraw up to ₹1 Lakh through cheque per day. However, this only applies for cheques that indicate self-use or self-addressal.
Detailed explanation-2: -Again, one can withdraw cash up to Rs 1, 00, 000 for self, using cheque. In case of cash withdrawal by third party using cheque only, the revised limit has been raised to Rs 50, 000. The SBI customers must note that these revised limits are valid up to September 30, 2021.
Detailed explanation-3: -New RBI Cheque Rule: The Reserve Bank of India (RBI) has introduced a new rule for cheque payments from January 1, 2021. It is called ‘positive pay system’ for cheques, under which re-confirmation of key details may be needed for payments beyond Rs 50, 000.
Detailed explanation-4: -The ATM has a 50, 000 limit per day.