Module: General Practice
Q56: Under the RBI's Limited Liability framework for unauthorized electronic transactions reported between 4 to 7 working days, the maximum liability of the customer is capped based on the account type. Which of the following pairs is INCORRECTLY matched?
✅ Correct Answer: B
🎯 Quick Answer:
Option B is incorrectly matched. Correct Rule: The trap here is that the higher liability slab (Rupees 25,000) applies to Current/Overdraft accounts with limits > Rupees 25 Lakh, NOT Savings Accounts. For "All other Savings Bank accounts" (non-BSBD), the liability is capped at Rupees 10,000, regardless of the balance. The Structure (Reporting 4-7 Days): 1. Rupees 5,000 for BSBD Accounts. 2. Rupees 10,000 for Standard Savings, Pre-paid instruments, Gift Cards, Credit Cards (limit up to Rupees 5 Lakh), and Current/OD (limit up to Rupees 25 Lakh). 3. Rupees 25,000 for Current/OD accounts (limit > Rupees 25 Lakh) and Credit Cards (limit > Rupees 5 Lakh).