Description : What is minimum balance should remain in a savings account with cheque book after withdrawal? a) Rs 50/- b) Rs 500/- c) Rs 1000/- d) Rs 100/
Last Answer : b) Rs 500/
Description : Mark the correct option a) No subsequent deposit allowed less than Rs 5 in saving account b) No withdrawal is allowed less than Rs 5 c) No withdrawal shall be permitted which has the effect reducing the ... to less than fifty in single account and less than 500 in cheque account d) All the above
Last Answer : d) All the above
Description : What is minimum amount may be withdrawn by a cheque from a cheque saving account? a) Rs 500/- b) Rs 100/- c) Rs 100/- d) Rs 20/
Last Answer : d) Rs 20/
Description : Up to what amount payment order for withdrawal from saving account may be sanctioned by a branch postmaster? a) Rs 500/- b) Rs 2500/- c) Rs 5000/- d) Rs 10000/
Last Answer : c) Rs 5000/
Description : Mark the correct option a) The account can be transferred submitting an application in form SB 10(b) b) The account may be opened in using the form SB 3 c) SB 7 is necessary to get withdrawal except cheque account d) All the above
Description : Mark the correct option a) Minor cannot appoint a messenger for making withdrawal from SB account b) At the time of making a withdrawal by cheque from saving account not necessary to provide pass book ... added in a saving account may not be treated as transaction in that account d) All the above
Description : What is the minimum initial deposit required for opening a Basic Savings Bank Deposit Account(BSBDA)? A. 500 B. 1000 C. 100 D. No initial deposit
Last Answer : D. No initial deposit Explanation: There is no requirement for any initial deposit for opening a BSBDA.
Description : Mark the correct option. In a PPF account opened on 1.2.2011: a) 1 st loan can be taken on 1.4.2012 b) Loan as on 1.4.2012 shall be admissible limited to 25% balance as on 31.3 ... shall be permissible on 01.02.2015 d) Subscriber can take second loan on 1.4.2013 without repaying earlier loan
Last Answer : a) 1 st loan can be taken on 1.4.2012
Description : How many times withdrawal can be made from a savings account standing at SO/HO in a day? a) Two times only b) Only once c) Any number of timesd) None of these
Last Answer : c) Any number of times
Description : How many times withdrawal can be made from a savings account standing at BO in a day? a) Two times only b) Only once c) Any number of timesd) None of these
Last Answer : b) Only once
Description : A minimum yearly deposit of ________ is required to open and maintain a PPF account, and a maximum deposit of _____. A. Rs. 500 and Rs 1.50 lakhs B. Rs. 1000 and Rs 2.50 lakhs C. Rs. 2000 and Rs 3.50 lakhs D. Rs. 5000 and Rs 4.50 lakhs
Last Answer : A. Rs. 500 and Rs 1.50 lakhs Explanation: A minimum yearly deposit of Rs. 500 is required to open and maintain a PPF account, and a maximum deposit of Rs.1.5 lakhs (as on Financial year 2015- ... Income Tax Act. The amount can be deposited in lump sum or in a maximum of 12 instalments per year.
Description : Mark the correct option relating to withdrawal on PPF account a) The first withdrawal can be made at any time after expiry of 5 years from the end of the year in which the initial subscription was made ... be made in one financial year . The amount of withdrawal is not repayable. d) All the above
Description : Mark the correct option relating to cheque collection charges. a) Rs 30/- for a cheque up to Rs 1000/- b) Rs 3/- per thousand beyond Rs 1000/- c) No collection charges will be charged on outstation cheque of Post office saving bank drawn in post office saving bank d) All the above
Description : Mark the correct option a) No interest shall be allowed on an account for any month in which the balance at credit below twenty rupees ant any time between the close of the tenth day and ... month in which sanction for withdrawal of balance is issued by competent postal authority d) All the above
Description : What is the minimum and maximum limit to deposit in PPF account? a) 500 and 5000 b) 500 and 70000 c) 1000 and 100000 d) 500 and 100000
Last Answer : d) 500 and 100000
Description : Minimum limit in opening of MIS account a) Rs 1000/- and in multiple of Rs 1000/- b) Rs 1500/- and in multiple of Rs 1500/- c) Rs 1250/- and in multiple of Rs 1250/- d) None of these
Last Answer : b) Rs 1500/- and in multiple of Rs 1500/
Description : If minimum Rs.1000 is not deposited in Sukanya Samriddhi Account in a financial year, account will become discontinued and can be revived with a penalty of _______ per year. A. Rs.50 B. Rs.100 C. Rs.25 D. Rs.75 E. Rs.125
Last Answer : A. Rs.50 Explanation: In Sukanya Samriddhi Account, if minimum Rs 1000/- is not deposited in a financial year, account will become discontinued and can be revived with a penalty of Rs 50/- per year with minimum amount required for deposit for that year.
Description : Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above
Description : Test sorting or practical, sorting with qualifying speed of _____ letters per hour for outward sorting and ______ per hour for distribution of letter for delivery beats allowing for a max eight mistake in either cases a) 100, 50 b) 1000,500 c) 1000,600 d) None of these
Last Answer : c) 1000,600
Description : Prepayment of postage on cash facility is authorized by and how much letter may be posted to have these facility. a) HOC, UR-500 big city and 250 small city, Reg -50 b) DG post, UR-1000 big city and 500 ... -100 c) Head of the division UR-5000 big city and 1000 small city, Reg -500 d) None of these
Last Answer : a) HOC, UR-500 big city and 250 small city, Reg -50
Description : The amount of commission charged on a Service MO amounting to Rs. 1000/- is (a) Rs. 25/- (b) Rs.50/- (c) Rs. 100/- (d) NIL
Last Answer : (d) NIL
Description : Minimum amount that can be invested in Kisan Vikas Patra(KVP) Certificate is _________ A. Rs.100 B. Rs.200 C. Rs.500 D. Rs.1000
Last Answer : D. Rs.1000 Explanation: KVP certificates are available in the denominations of Rs 1000, Rs 5000, Rs 10000 and Rs 50000. The minimum amount that can be invested is Rs 1000. However, there is no upper limit on the purchase of KVPs.
Description : An HFC is required to have Minimum net owned fund of ______ A. Rs. 100 lakhs B. Rs. 200 lakhs C. Rs. 500 lakhs D. Rs. 1000 lakhs E. None of the Above
Last Answer : D. Rs. 1000 lakhs Explanation: For commencing the housing finance business, an HFC is required to have the following in addition to the requirements under the Companies Act, 1956: ♦ Certificate of registration from NHB ♦ Minimum net owned fund of Rs. 1000 lakhs
Description : What is the fee for getting the nomination altered in a savings account a) Rs 1/- b) Rs 2/- c) Rs 3/- d) Rs 5/
Last Answer : a) Rs 1/
Description : Ordinarily cash in excess of Rs __________ should be enclosed in a cash bag a) 500 b) 1000 c) 5000 d) 250
Last Answer : d) 250
Description : All MOs including VPMO will be treated a high value MO a) For an amount of Rs 200/- and above b) For an amount of Rs 500/- and above c) For an amount of Rs 1000/- and above d) For an amount of Rs 400/- and above
Last Answer : d) For an amount of Rs 400/- and above
Description : Leather cash bag should be used when the amount of currency notes exceeds Rs a) 5000 b) 10000 c) 500 d) 1000
Last Answer : c) 500
Description : The divisional supdt may sanction may sanction up to Rs 500/- reimbursement of cell phones charges up to _______for those who under take any activity that facilitate marketing of product/service of the dept. a) 4000/- b) 5000/- c) 1000/- d) 12000/
Last Answer : a) 4000/
Description : In case the depositor not made any transaction in PPF account. a) Rs 50/- will be collected for the one financial year b) Rs 100/- will be collected for no transaction was made for two financial ... of cash and credited into UCR c) Condone default is called to the defaulted deposit d) All the above
Description : Mark the correct option relating to Protected saving scheme a) Twenty four months have been elapsed from the date of opening the account and during the said period all the month installments have been paid ... The claim applied for within one year of the death of the depositor e) All the above
Last Answer : e) All the above
Description : What is the minimum amount of deposit into/withdrawal from currency chest? A. Rs.1,00,000 B. Rs.1,50,000 C. Rs.2,00,000 D. Rs.3,00,000
Last Answer : A. Rs.1,00,000 Explanation: The minimum amount of deposit into/withdrawal from currency chest will be Rs.1,00,000/- and thereafter, in multiples of Rs.50,000.
Description : What is the Minimum and maximum deposit in Senior citizen saving scheme a) 500 & 5 Lac b) 1000 & 10 Lac c) 1500 & 15 Lac d) 1000 & 15 Lac
Last Answer : d) 1000 & 15 Lac
Description : The minimum limit fixed for posting Regd. News paper without prepayment at a time for foreign destination is a) 500 b) 200 c) 100 d) 100
Last Answer : d) 100
Description : Mark the correct statement: a) A withdrawal in a PPF account can be refunded in not more than 36 monthly installments: b) Interest on withdrawal taken from a PPF account is one percent above ... 1st withdrawal with interest thereon d) The amount of withdrawals in a PPF Account is not repayable
Last Answer : d) The amount of withdrawals in a PPF Account is not repayable
Description : Mark the correct option a) No subsequent withdrawal is allowed in SCSS account before expiry of 5 years b) Premature closer is permitted after expiry on one year c) A deduction will be made 1.5% of the ... case account close before expiry of 2 year and 1% after expiry of 2 years. d) All the above
Description : Mark the correct option MIS account opened on or after 01 Apr 12 a) The rate of interest shall be 8.5 % per annum payable monthly. b) No withdrawal will be allowed before expiry of maturity period 5 years c) No bonus shall be payable d) All the above
Description : Mark the correct option a) Withdrawal will be allowed 50% deposited amount in RD account after one year and after 12 monthly deposit. b) No withdrawal is allowed in discontinued RD accounts c) 10% interest ... the 10th of the month, no interest shall be payable for that month e) All the above
Description : The amount of maturity inclusive of interest if becomes Rs 20000/- or above shall be paid by a) Cash only b) By crossed cheque c) By Credit into saving accounts d) Either B or C
Last Answer : d) Either B or C
Description : MIS account in multiple of Rs. 1500/- can be made instead of Rs. 1000/- MIS and the maximum limit of investment in a single account has been raised from Rs. 3 lakh to Rs. 4.5 lakh and in joint account opened by two ... to Rs. 9 Lakh. Wef a) 01.8.2007 b) 12.5.2008 c) 30.08.2009 d) None of these
Last Answer : a) 01.8.2007
Description : present the Counter Assistant is authorized to receive deposits and allow withdrawals up to Rs.--------------/- in savings accounts only under his own power without showing the documents to the Ledger Assistant and the Supervisor. a) 5000 b) 2000 c) 4000 d) None of these
Last Answer : a) 5000
Description : What is the initial minimum paid-up equity capital required for new on-tap license to set up private bank as announced by RBI? A) Rs 5 crore B) Rs 100 crore C) Rs 500 crore D) Rs 50 crore E) Rs 200 crore
Last Answer : C) Rs 500 crore Explanation: The Reserve Bank of India released norms for on-tap permits for private sector banks and said the validity of the in-principle approval issued by the RBI will be 18 months from the date of granting in-principle approval.
Description : In case of loss or damage of the parcel, compensation is paid upto a maximum in EPP is a) 100/- b) 500/- c) 200/- d) 1000/
Last Answer : b) 500/
Description : Application fee for free Post is a) 100/- b) 500/- c) 1000/- d) 5000/
Last Answer : c) 1000/
Description : Limit of VP and ins article for delivery at addressee place is a) 100, 500 b) 500,1000 c) 1000,5000 d) No limit
Last Answer : a) 100, 500
Description : The SP/First class PM may grant compensation to the sender of a regd article up to a) 500 b) 200 c) 1000 d) 100
Description : If the claim does not exceed Rs. 1,00,000, the claimant should be asked to submit an application duly completed to the authorities mentioned below who are competent to sanction claims without production of legal ... director, Director GPO is Rs 75000/- d) CPMG/PMG Rs 10000/- e) All the above
Description : Mark the correct statement. a) Second withdrawal in a PPF account is payable in the next financial year of the year in which principal and interest on first withdrawal has been fully ... been refunded alongwith interest thereon and other conditions fulfill d) None of the above is correct
Last Answer : b) Second loan is permissible in the financial year in which 1st loan and interest thereon has been recovered provided the 1st loan was not taken in the same year and other conditions fulfill
Description : Mark the correct option a) The final withdrawal in saving account made through SB 7 only b) In joint B saving accounts at the ti c) Saving account of deceased depositor can not be transferred from one post office to another post office d) All the above
Description : The application fee may be accepted in shape of____ payable to a) Cash/Account officer of the public authority b) DD/Cheque / Account officer of the public authority c) Indian Postal Order / Account officer of the public authority d) Any one of the above
Last Answer : d) Any one of the above
Description : The date of credit of cheque in case of RD/PPF account will be the date of a) Presentation of cheque b) Receipt of the cheque from postmaster c) Receipt of the cheque from HO d) The date clearing
Last Answer : d) The date clearing