Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q1: What is the minimum amount for a deposit into or withdrawal from a currency chest, and what are the subsequent multiples required?

A
₹50,000/- minimum, and in multiples of ₹50,000/- thereafter
B
₹1,00,000/- minimum, and in multiples of ₹50,000/- thereafter
C
₹1,00,000/- minimum, and in multiples of ₹1,00,000/- thereafter
D
₹2,00,000/- minimum, and in multiples of ₹1,00,000/- thereafter
✅ Correct Answer: B
The minimum amount specified for a deposit into or withdrawal from a currency chest is ₹1,00,000/-. Following this minimum, transactions must be in multiples of ₹50,000/-. Accurate Currency Chest Reporting requires strict adherence to these denomination limits to avoid rejection in the system.