2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 2000
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Rs 1000
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Rs 3000
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Rs 4000
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Detailed explanation-1: -Under this facility, a cardholder can withdraw cash up to ₹2, 000 per transaction within an overall monthly limit of ₹10, 000.
Detailed explanation-2: -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-3: -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-4: -(iii) Branches of banks are required to report all cash deposits and withdrawals of Rs. 10 lakhs and above as well as transactions of suspicious nature with full details in fortnightly statements to their controlling offices.