Rapid revision
Test one fact at a time:open a card, recall the direct answer, then practise it in MCQ format.
What is the minimum time period of zero customer-induced transactions required to classify a savings or current account as inoperative?
What duration of inactivity forces the credit balance in any deposit account to be classified as an unclaimed deposit?
Which system architecture is utilized to generate the unique Unclaimed Deposit Reference Number (UDRN) before transferring funds to the Reserve Bank of India?
What is the mandatory meeting frequency for the Branch Level Customer Service Committee?
What are the minimum mandated operating hours for public transactions at a standard bank branch on weekdays?
Which local community event dictates a mandatory operating day for a rural bank branch?
How long before the close of working hours must a bank extend operations to facilitate non-cash transactions?
What population threshold classifies a geographical center as a rural branch location?
What are the minimum required dimensions for a branch's Comprehensive Notice Board?
What is the minimum permitted font size for printing detailed customer information booklets and brochures?
What is the maximum financial liability cap for a Basic Savings Bank Deposit account holder who reports a systemic unauthorized transaction within four to seven working days?
What is the maximum liability for non-individual Current Account holders who report a systemic unauthorized electronic banking transaction within four to seven working days?
What financial liability limit applies to a customer holding a credit card with a four lakh rupee limit if they report a third-party breach within six working days?
What maximum liability cap is enforced on an unauthorized transaction reported within five working days for a credit card boasting a seven lakh rupee limit?
How many days of prior notification must a bank provide to customers before altering its service charges?
What is the maximum allowable monthly limit on the number and value of deposits permitted in a Basic Savings Bank Deposit account?
What is the minimum number of free cheque leaves a bank is mandated to offer annually to a Basic Savings Bank Deposit account holder?
How frequently must a bank provide a free statement of account in lieu of a physical passbook for a Basic Savings Bank Deposit account?
What is the statutory minimum number of free monthly withdrawals guaranteed for a Basic Savings Bank Deposit account?
Which regulatory threshold applies to the minimum balance requirement for maintaining a Basic Savings Bank Deposit account?
What mandatory declaration must a bank obtain from a customer before opening or converting an account to a Basic Savings Bank Deposit Account?
Direct Answer
That the customer does not hold a similar deposit account in any bank
Which industry body is responsible for formulating the operational guidelines regarding the provision of banking facilities to persons with disabilities?
What minimum number of free cheque leaves must a bank provide every year to a savings bank account holder upon request?
What age threshold qualifies senior citizens for mandatory or best-effort doorstep banking services such as cash delivery and document pickup?
How many days can a bank operate a calamity-affected branch from temporary premises before requiring specific approval from the Reserve Bank of India?
What is the maximum statutory limit up to which a bank can issue a duplicate demand draft without requiring a non-payment advice from the drawee office?
Which interest rate must a bank apply as a penalty to compensate a customer if the issuance of a duplicate demand draft is delayed beyond a fortnight?
How does the banking regulator classify the act of forcibly obtaining a declaration from a depositor that cheque books dispatched by courier are sent at the customer's risk?
What is the maximum permitted timeframe for a bank to dispatch a dishonoured instrument back to the customer?
What minimum amount triggers the required inclusion of a dishonoured cheque in a bank's Management Information System on constituents?
How much advance notice must a bank provide to existing account holders before changing the prescribed minimum balance and associated non-maintenance charges?
What happens if levying penal charges for non-maintenance of a minimum balance would cause a savings account to drop below zero?
Direct Answer
The charges are capped or suspended because the balance cannot turn negative solely due to these penalties.