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  9. Q255

ibps-so 2023 · Question 255 of 323

What is the increased bulk deposit limit for Regional Rural Banks (RRBs)?

  1. ARs 75 lakh
  2. BRs 50 lakh
  3. CRs 1 croreCorrect
  4. DRs 10 lakh
  5. ERs 25 lakh

Answer: C. Rs 1 crore

Explanation

w w The definition of "Bulk Deposit" varies among banks. The bulk deposit limit for scheduled commercial and small finance banks is Rs 2 crore and above. For RRBs, the limit has been increased from Rs 15 lakh to Rs 1 crore.

Source: IBPS SO Prelims Memory Based 2023 (RA/LO) - ixamBee · memory-based

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