Home
Class 14
GENERAL KNOWLEDGE
What is the maximum limit for payments b...

What is the maximum limit for payments banks to accept demand deposit per customer?

A

Rs 1 lakh

B

Rs 2 lakh

C

Rs 3 lakh

D

Rs 4 lakh

Text Solution

Verified by Experts

The correct Answer is:
A
Promotional Banner

Topper's Solved these Questions

  • PRACTICE SET

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise PRACTICE SET 4 (IBPS RRB OFFICE ASSISTANT MAINS EXAM)|40 Videos
  • PRACTICE SET

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise PRACTICE SET 5 (RBI GRADE-B PRELIMS EXAM)|80 Videos
  • PRACTICE SET

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise PRACTICE SET 2 (SBI/IBPS CLERK MAINS EXAM)|50 Videos
  • MONEY & FINANCE IN BANKING

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise MCQs|119 Videos

Similar Questions

Explore conceptually related problems

What are demand deposits?

As per guidelines of the RBI, payments banks can accept demand deposits (saving and current) up to a maximum of how much amount per customer?

What is the maximum period for which domestic term deposits are normally accepted by banks in our contry?

What is the maximum limit of money a person can keep in India Post Payments Bank (IPPB)?

IBPS & SBI PREVIOUS YEAR PAPER-PRACTICE SET-PRACTICE SET 3 (SBI/IBPS CLERK MAINS EXAM)
  1. The Vyas Samman is a prestigious Literary award presented annually by ...

    Text Solution

    |

  2. The limit of annual salary upto which any individual taxpayer is exemp...

    Text Solution

    |

  3. What is the maximum limit for payments banks to accept demand deposit ...

    Text Solution

    |

  4. Which of the following banks was nationalized under Banking Companies ...

    Text Solution

    |

  5. RBI has mandated that payments banks will be required to invest a mini...

    Text Solution

    |

  6. What is the full form of ''C'' in LCR?

    Text Solution

    |

  7. CASA ratio of a bank is the ratio of deposists in …………… and ………… accou...

    Text Solution

    |

  8. What is the validity of Pay Orders from the date of instrument?

    Text Solution

    |

  9. Which of the following nations is the largest steel producing country ...

    Text Solution

    |

  10. Which of the following FMCG companies is in the process of marger with...

    Text Solution

    |

  11. Which of the following agencies/ministries has launched a survey to un...

    Text Solution

    |

  12. Which of the following banks has recently been removed from Prompt Cor...

    Text Solution

    |

  13. The approximate amount which the Central Government has planned to inf...

    Text Solution

    |

  14. Who is the current CEO of National Stock Exchange of India?

    Text Solution

    |

  15. Which monument has been placed at the reverse side of new Rs 10 curren...

    Text Solution

    |

  16. Fiscal Deficit is the difference between the Revenue Receipts plus ………...

    Text Solution

    |

  17. In which of the following Banks Life Insurance Corporation of India h...

    Text Solution

    |

  18. Which is the major constituent which differentiates between BS IV & BS...

    Text Solution

    |

  19. External Commercial Borrowings (ECBs) in the infrastructure space is g...

    Text Solution

    |

  20. Which of the following function is not attributed to Payments banks

    Text Solution

    |