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

Q6: What specific transaction type must currency chests take particular care to ensure is NOT reported as a 'deposit' transaction?

A
Remittances of fresh or re-issuable notes sent from RBI or Note Printing Presses
B
Large cash deposits made by other banks
C
Soiled note remittances gathered from the public
D
Inter-chest diversions of currency
✅ Correct Answer: A
Particular care must be taken to ensure that remittances of fresh or re-issuable notes sent to currency chests from RBI or Note Printing Presses are not reported as 'deposit' transactions.
This is distinct from a Soiled Note Remittance sent to RBI.
Incorrectly categorizing these inflows is a common error in Currency Chest Reporting.