Q267: A "Small Account" can be credited with foreign remittances, provided the amount does not exceed ₹10,000 in a month.

True

False, foreign remittances are strictly prohibited unless full KYC is completed.

True, provided the total balance does not exceed ₹50,000.

False, unless the remittance comes from a relative.

✅ Correct Answer: B

The bank shall not allow foreign remittance to be credited into the account unless it fully establishes the identity of the customer as per paragraph 23 or paragraphs 26 and 27 (full KYC).

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Q267: A "Small Account" can be credited with foreign remittances, provided the amount does not exceed ₹10,000 in a month.

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