Govt Exams
PMSBY provides accidental death insurance coverage of ₹2 lakhs to individuals aged 18-70 years at a nominal annual premium.
MSF is the rate at which scheduled commercial banks can borrow from RBI against approved securities for short-term liquidity needs.
Basel I, II, and III are progressive international regulatory frameworks for capital adequacy. Currently, Basel III is the most advanced framework.
An NPA is a loan or advance where principal or interest payment is overdue by 90 days or more from the contractual due date.
PMJBY provides accidental death insurance coverage to BPL families and unorganized sector workers at a minimal premium.
As per RBI guidelines, banks must complete KYC verification within 30 days of opening an account.
FIU-IND is India's financial intelligence unit responsible for combating money laundering and terrorist financing.
Current accounts have no transaction limits and overdraft facilities. However, they do not earn interest on deposits.
RBI issues Treasury Bills with a maximum tenure of 364 days. T-Bills are issued at 14-day, 91-day, 182-day, and 364-day intervals.
Cooperative banks are governed by the Banking Regulation Act 1949, State Cooperative Societies Acts, and the Multi-State Cooperative Societies Act 2002.