Q173: In the context of customers unable to provide PAN or Form No. 60, "temporary ceasing of operations" in relation to an account is defined as:

The suspension of all transactions, including credits and debits.

The temporary suspension of all debits, while allowing unlimited credits.

The temporary suspension of all transactions, except for allowing credits in asset accounts (such as loan accounts).

The closure of the account and transfer of funds to a suspense account.

✅ Correct Answer: C

Temporary ceasing of operations means temporary suspension of all transactions, except for allowing credits in asset accounts such as loan accounts.

Bank Promotion Exam Guide