What is the maximum balance may be deposited to Single/ Joint account a) 1 lac/2 lac b) 2lac/3 lac c) No maximum limit d) None of these

What is the maximum balance may be deposited to Single/ Joint account
a) 1 lac/2 lac b) 2lac/3 lac
c) No maximum limit d) None of these
by

1 Answer

Answer :

c) No maximum limit
by

Related questions

What is the maximum limit of deposit in MIS account in single and joint? a) 1.5 lac and 3 lack b) 3 lac and 4.5 lack c) 4.5 lac and 9 lac d) 6 lac and 9 lac

Description : What is the maximum limit of deposit in MIS account in single and joint? a) 1.5 lac and 3 lack b) 3 lac and 4.5 lack c) 4.5 lac and 9 lac d) 6 lac and 9 lac

Last Answer : c) 4.5 lac and 9 lac

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 or three adults; the maximum limit has been raised from Rs. 6 lakh to Rs. 9 Lakh. Wef a) 01.8.2007 b) 12.5.2008 c) 30.08.2009 d) None of these

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

Mark the correct option a) In case death of the one depositor of joint account holder , in the MIS account the account will be treated as single from the date of death of the account holder b) The surviving depositor will have withdraw the excess amount over and above the maximum limit of investment by single depositor. c) If this amount is not withdrawn, the excess amount will carry the normal saving bank interest d) All the above

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A depositor may operate a senior citizen account a) More than one account in individual capacity or jointly with spouse b) Only one account single another one with spouse c) Only one single account and more than one joint account d) None of these

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Last Answer : d) Only one account can be opened.

In case the balance was above one lac in deceased depositor account___ is necessary a) Witness of responsible person b) Thumb impression of the deceased person c) Succession certificate or Probate of will or letter of administration d) All the above

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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 will be charged on loan amount d) If the repayment with interest is made on or before the 10th of the month, no interest shall be payable for that monthe) All the above

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Last Answer : e) All the above

The SCSS account transferred one Post office to another post office a) Rs 5/- per lac will be charged where the deposit is Rs 1 lac and above b) Rs 10/- per lac will be charged where the deposit is Rs 1 lac and above on second transfer. c) No fee will be charged d) Both the A and B( The fee will be paid by cash through pay in slip

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Last Answer : a) 10 years

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 balance to less than fifty in single account and less than 500 in cheque account d) All the above

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Last Answer : d) All the above

Mark the correct option a) After maturity , the senior citizen account will be extended further 3 year b) The account continued after maturity, the deposit shall earn interest at the rate applicable to the new account opened. c) In case the account not extended on maturity and closed at any time the saving bank interest applicable d) There is no maximum time limit for PMI e) All the above

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Mark the correct option a) A pensioner of any central or state Govt whom dept of post has signed an agreement for disbursement of pension can open either single or joint with spouse account. b) Sanchayika accounts can be opened in the name of the principal/teacher and two students not less than 10 year of age c) Minor account can be opened by a person under the law in force from time to time as guardian when father and mother both are not alive d) All the above

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Last Answer : d) All the above

Mark the incorrect option a) Single account can be converted into Joint and Vice versa b) Minor after attaining majority has to apply for conversion of the account in his name c) If minor attaining majority the account can be closed by guardian d) None of these

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What is the Minimum and maximum deposit in Senior citizen saving scheme a) 500 & 5 Lac b) 1000 & 10 Lacc) 1500 & 15 Lac d) 1000 & 15 Lac

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How many Single saving accounts may be opened by an adult in his own name in any one post office? a) Only one b) Only Two c) No such limit d) None of these

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Mark the correct option continuation of senior citizen account after death of the depositor a) In case of joint account (Senior citizen) or where spouse is the sole nominee, the spouse may continue the account on the same terms and conditions even if the spouse is below the age of 60 year. b) The account cannot be continued should be closed. c) If both spouses opened joint account, the spouse cannot continue account after death of the 1st depositor d) All the above

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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

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What is the age criteria for joint holder (spouse) in case of joint SCSS account a) Joint holder also to attain 60 years b) No age criteria for join holder c) Should be attain 55 years d) All the above

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Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

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Last Answer : b) 2 Years

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Description : Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Last Answer : b) 2 Years

Post maturity interest on RD account after extended maturity period shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

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How many saving accounts can be opened by a guardian on behalf of a minor? a) Only one account can be opened on behalf of one minor by one guardian i.e either mother or father b) Only two account can be opened on behalf of one minor by both the father and mother c) No min limit d) None of these

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Mark the correct option relating to SO Slip a) SO slip prepared in form Pa 3 by HO to each of its SO in every day enclosed in the account bag b) Amount with details, of cash (including stamps) sent to the SO c) The balance of list of daily account received from the SO and accounted for in the HO. d) Particulars of documents and ser No and value of Postal order, sent to SO e) All the above

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Any person prefer an appeal to Supreme court shall be deposited amount in prescribed manner a) Fifty percent of that amount b) Fifty thousand rupees c) Thirty five thousand rupees

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Any person prefer an appeal to National commission shall be deposited amount in prescribed manner a) Fifty percent of that amount b) Twenty five thousand rupees c) Thirty five thousand rupees d) Whichever is less of the above A&C

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Any person prefer an appeal to state commission shall be deposited amount in prescribed manner a) Fifty percent of that amount b) Twenty five thousand rupees c) Whichever is less of the above A&Bd) None of these

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Last Answer : c) Whichever is less of the above A&B

Unclaimed unregistered article marked ‘ Poste restante’ should be deposited of a) Two months b) After 7 days c) After 15 days d) After one month

Description : Unclaimed unregistered article marked ‘ Poste restante’ should be deposited of a) Two months b) After 7 days c) After 15 days d) After one month

Last Answer : d) After one month

The paid unregistered article to be transferred to the deposit department at the time of delivery will comprise a) Article to be redirected b) Articles to be deposited c) Articles the addresses of which are not known/articles with undecipherable and incomplete addresses/articles with fictitious address d) All the above

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Last Answer : d) All the above

Fee for filing complaints before state commission above 50 lac and up to 1 crore is a) 5000 rupees b) 2500 rupees c) 4000 rupees d) 2000 rupees

Description : Fee for filing complaints before state commission above 50 lac and up to 1 crore is a) 5000 rupees b) 2500 rupees c) 4000 rupees d) 2000 rupees

Last Answer : c) 4000 rupees

Fee for filing complaints before state commission above 20 lac and up to 50 lac is a) 5000 rupees b) 2500 rupees c) 4000 rupees d) 2000 rupees

Description : Fee for filing complaints before state commission above 20 lac and up to 50 lac is a) 5000 rupees b) 2500 rupees c) 4000 rupees d) 2000 rupees

Last Answer : d) 2000 rupees

Fee for filing complaints before district forum above ten lac and up to twenty lac is a) 500 rupees b) 250 rupees c) 400 rupees d) 1000 rupees

Description : Fee for filing complaints before district forum above ten lac and up to twenty lac is a) 500 rupees b) 250 rupees c) 400 rupees d) 1000 rupees

Last Answer : a) 500 rupees

Jurisdiction of State commission is a) Complaint where the value of the goods or services and compensation, if any claimed exceeds Rs 20 Lac b) Complaint where the value of the goods or services and compensation, if anyclaimed up to 1 crorec) Appeals against the orders of any district forum within the stated) Complaint where the value of the goods or services and compensation, if anyclaimed exceeds Rs 20 Lac but does not exceed one croree) C& D only

Description : Jurisdiction of State commission is a) Complaint where the value of the goods or services and compensation, if any claimed exceeds Rs 20 Lac b) Complaint where the value of the goods or services and compensation ... , if any claimed exceeds Rs 20 Lac but does not exceed one crore e) C& D only

Last Answer : e) C& D only

Jurisdiction of district for is rupees a) Exceed twenty lac b) exceed 50 lac c) Up to twenty lac d) twenty to fifty lac

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Last Answer : c) Up to twenty lac

Mark the correct option a) In RPLI policies with non standard proof or age is Rs 1 lac b) The 5% extra premium on non standard proof of age policies c) In non standard proof or age policies the age of the insurant should not be exceed 45 years d) All the above

Description : Mark the correct option a) In RPLI policies with non standard proof or age is Rs 1 lac b) The 5% extra premium on non standard proof of age policies c) In non standard proof or age policies the age of the insurant should not be exceed 45 years d) All the above

Last Answer : d) All the above

The value of a single VPMO should not exceed Rs a) 500/- b) 2000/- c) 5000/- d) No limit

Description : The value of a single VPMO should not exceed Rs a) 500/- b) 2000/- c) 5000/- d) No limit

Last Answer : c) 5000/

Premature encashment of NSC (VIII) will be made a) In case of death of the holder or any of the holder in case of joint account b) On forfeiture by pledgee being Gazetted Government Officer. c) When ordered by a court of law d) Both A, B and C

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Last Answer : d) Both A, B and C

Mark the incorrect option relating to PPF account a) An individual can open account with Rs 5/- b) Joint account can be opened in PPF c) Nomination facility is available d) Both the A and B

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Last Answer : b) Joint account can be opened in PPF

Joint account can be opened with a) Father/mother only b) Spouse only c) Any persons d) Only within relation

Description : Joint account can be opened with a) Father/mother only b) Spouse only c) Any persons d) Only within relation

Last Answer : b) Spouse only

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 officed) All the above

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

Last Answer : d) All the above

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

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/

Minimum limit for deposit in TD Account a) 200/- and multiple 200/- b) 100/- and multiple 100/- c) 200/- and multiple 100/- d) None of these

Description : Minimum limit for deposit in TD Account a) 200/- and multiple 200/- b) 100/- and multiple 100/- c) 200/- and multiple 100/- d) None of these

Last Answer : a) 200/- and multiple 200/

Maximum sentence of fine C.J.M. can impose a) 25000/- b) 50000/- c) No limit d) Can not impose

Description : Maximum sentence of fine C.J.M. can impose a) 25000/- b) 50000/- c) No limit d) Can not impose

Last Answer : c) No limit

Mark the correct option a) There is no maximum limit of deposit in TD accounts of any type b) No subsequent withdrawal allowed in TD accounts before date of maturity c) The investment under 5 years TD qualifies for the benefit of Section 80C f the income tax Act 1961 from 01-04-2007 d) All the above

Description : Mark the correct option a) There is no maximum limit of deposit in TD accounts of any type b) No subsequent withdrawal allowed in TD accounts before date of maturity c) The investment under 5 years TD ... the benefit of Section 80C f the income tax Act 1961 from 01-04-2007 d) All the above

Last Answer : d) All the above

No maximum limit on saving bank accounts from a) 01 Oct 2011 b) 01 Dec 2011 c) 01 Jan 2012 d) None of these

Description : No maximum limit on saving bank accounts from a) 01 Oct 2011 b) 01 Dec 2011 c) 01 Jan 2012 d) None of these

Last Answer : a) 01 Oct 2011