2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ICICI Bank
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Central Bank
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Axis Bank
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State Bank of India
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Detailed explanation-1: -State Bank of India will dispense Rs 20 and Rs 50 notes soon. The decision comes in the wake of demonetisation of Rs 500 and Rs 1, 000 notes. The announcement was made by SBI chairman Arundhati Bhattacharya.
Detailed explanation-2: -The ATM has a 50, 000 limit per day. The same 3 and 5 policy for free ATM withdrawals is provided by Axis Bank.
Detailed explanation-3: -Currently, the lowest denomination note a customer can get at an ATM is Rs 100.
Detailed explanation-4: -Most operators currently mark two slots for Rs 500 notes, one slot for Rs 200 and another for Rs 100. Each cassette can hold up to 2, 200 notes. This combination allows banks to stack notes worth Rs 28.6 lakh in each ATM.
Detailed explanation-5: -For exchange up to Rs 4000 in cash you may go to any bank branch with valid identity proof. For exchange over Rs 4000, which will be accorded through credit to Bank account only, you may go to the branch where you have an account or to any other branch of the same bank.