Question

    Which of the following is not allowed in small

    accounts?
    A Monthly deposits exceeding ₹50,000. Correct Answer Incorrect Answer
    B Transactions exceeding ₹10,000 in a month Correct Answer Incorrect Answer
    C Foreign remittance credits. Correct Answer Incorrect Answer
    D Annual credits exceeding ₹1,00,000. Correct Answer Incorrect Answer
    E Withdrawal of government subsidies. Correct Answer Incorrect Answer

    Solution

    Small accounts are not permitted to accept foreign remittances until full customer identification procedures are conducted as per KYC norms.  

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