Banking Awareness October 2025 to February 2026: 12 Questions & Answers

It attracts the rate of interest applicable to savings accounts or the contracted rate of interest on the matured deposit, whichever is lower.

The temporary suspension of all transactions, except for allowing credits in asset accounts (such as loan accounts).

Banks can maintain 100% of their CRR requirement in the form of "Cash on Hand" (vault cash).

Insert a suitable disclaimer in the borrowers' records to reflect the non-updatability of the record due to the CI's closure.

When the customer's Credit Information Report (CIR) is accessed by a Specified User (SU).

When submitting information to CICs regarding a default or days past due (DPD) in existing credit facilities.

If the outstanding amount exceeds a threshold fixed by the Board-approved policy.

The temporary suspension of all transactions, except for allowing credits in asset accounts (such as loan accounts).

Individuals who are or have been entrusted with prominent public functions by a foreign country.

A wire transfer combining a direct payment message to the beneficiary institution, with a separate funding instruction sent through intermediary institutions.

The customer must redact or black out the Aadhaar number through appropriate means.

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