Banking Exams General & Banking Awareness — Question 1463
Question
RBI hiked the threshold for bulk fixed deposits for scheduled commercial banks to Rs 3 crore. What was the earlier threshold?
- Rs 1 crore
- Rs 2 crore
- Rs 2.5 crore
- Rs 5 crore
Correct answer
B — Rs 2 crore
Explanation (English)
RBI raised the bulk fixed deposit threshold for SCBs from Rs 2 crore to Rs 3 crore.
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