Govt. Exams
Entrance Exams
As of 2024, RBI has maintained the Repo Rate at 6.50% in its monetary policy stance. The Repo Rate is the rate at which RBI lends to commercial banks.
The minimum opening balance for Sukanya Samriddhi Account is ₹1,000 as per 2024 guidelines.
The RBI Governor's tenure is 6 years or until age 65, whichever is earlier.
NEFT stands for National Electronic Fund Transfer, a system for electronic transfer of funds between banks in India.
Basel III replaced Basel II framework with stricter capital requirements and liquidity standards implemented post-2008 financial crisis.
The RBI Governor's tenure is typically 6 years or until the age of 65 years, whichever is earlier.
NEFT is a system for transferring funds electronically between banks, processing transactions in batches at predetermined intervals.
Mobile banking enables customers to perform banking transactions through smartphones via internet or mobile apps.
PMJJBY provides life insurance coverage to unorganized workers at minimal premium, protecting their families.
As of 2024, the SLR minimum requirement is 18% of the bank's Net Demand and Time Liabilities (NDTL).
