Module: | KYC, NPAs, Advances & Investment Valuations
Q177: When a bank opens a Non-Resident Ordinary (NRO) account for a foreign student pending address verification, what is the cap on the aggregate withdrawal from such an account during the 30-day period?
✅ Correct Answer: C
Pending the verification of address, the account shall be operated with a cap of ₹50,000 on aggregate withdrawal during the 30-day period.