2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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10000
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5000
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3000
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1000
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Detailed explanation-1: -RBI puts curb on PMC Bank, only Rs1000 can be withdrawn; restrictions imposed for 6 months.
Detailed explanation-2: -Banks are required to report any single transactions involving the withdrawal of $10,000 or more in cash or cash equivalents, such as cashier’s checks or money orders. This rule applies to lump-sum withdrawals or deposits and related payments that occur within 24 hours.
Detailed explanation-3: -10 lakhs and above in deposit, cash credit or overdraft accounts and keep record of details of these large cash transactions in a separate register.
Detailed explanation-4: -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.