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.  

    Practice Next