CURRENT AFFAIRS

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

What is the maximum rate of service charge revised by Reserve Bank of India(RBI) for the non-chest bank branches, which has deposited in the modern Currency Chests(CC)?

A	Rs.7 per packet
B	Rs.6 per packet
C	Rs.9 per packet
D	Rs.8 per packet

Explanation:

Detailed explanation-1: -₹50/- per piece irrespective of the denomination in addition to the loss. The recovery of loss and imposition of penalty shall be done immediately on detection, irrespective of number of pieces. iv. Non-compliance with operational guidelines by currency chests detected by RBI officials.

Detailed explanation-2: -Currently, As per RBI directive, the currency chest holding banks levy service charges on cash deposited by non-chest bank branches at the rate of ₹ 5/- per packet of 100 pieces and large modern Currency Chests levy service charges at the maximum rate of ₹ 8/- per packet of 100 pieces.

Detailed explanation-3: -The minimum amount of deposit into / withdrawal from currency chest will be ₹1,00,000 and thereafter, in multiples of ₹50,000.

There is 1 question to complete.