CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Reserve Bank of India (RBI) has reduced the cash withdrawal limit from which of the following scheme accounts
A
Pradhan Mantri Adarsh Gram Yojana
B
Pradhan Mantri Jan Dhan Yojana
C
Pradhan Mantri Kaushal Vikas Yojna
D
Pradhan Mantri Suraksha Bima Yojana
Explanation: 

Detailed explanation-1: -The withdrawal request can be initiated for a minimum of Rs 100 per transaction and a maximum of Rs 10, 000 per day or Rs 25, 000 per month as per regulatory guidelines.

Detailed explanation-2: -Most banks in India have set a limit of INR 1 lakh on Cash withdrawal limit from bank per day by cheque. This limit typically applies to self-use or self-addressed cheques.

Detailed explanation-3: -The RBI, in June last year, allowed banks to charge up to Rs 21 per transaction at the ATM (Automated Teller Machine) above the monthly free transaction limit, effective from January 1, 2022. Usually, banks offers five free transactions at the ATMs every month. Any transaction after that is chargeable.

Detailed explanation-4: -The ATM has a 50, 000 limit per day. The same 3 and 5 policy for free ATM withdrawals is provided by Axis Bank.

There is 1 question to complete.