CA & TD

Which of the following is not a feature of current account?

• Non-interest bearing acccount

• It is a type of deposit account

• Opened for carrying out business transactions

• Restriction in large number of transactions on daily basis

For opening Current Account by Pvt/Public Ltd Companies, which of the following is not mandatory ?

• Articles of Association

• MSME Registration certificate

• Memorandum of Association

• Certificate of Incorporation

Edge Business Current Account is a ______. 

• Premia Program Variant

• YFB program Variant

• Prosperity Program Variant

• YES Private Variant

For opening Current Account by Partnership Firms, following is not mandatory.

• Partners Identity Proof

• MSME Registration

• Partners Address Proof

• Partnership Deed

What is the AQB requirement for Prime Business Current Account?

• Rs. 1 Lakh and above

• Rs 2 Lakh and above

• Rs 25,000 and above

• Rs 50,000 and above

Which of the following is not true with regard to Time Deposits?

• Sum of money deposited in a bank for a fixed period

• Yield a high interest in comparison to a regular savings account

• The interest rate depends on the sum of money and the duration for which the money is deposited

• Interest received on Time Deposits is not subject to TDS

Minimum deposit amount for YES Bank FD is INR ____.

• 5000

• 50,000

• 10,000

• 1000

In case of Joint time deposit accounts, the TDS liability will be applicable :

• only in respect of Depositor no.2

• to both joint account holders

• only in respect of Depositor no.1

• Customer can choose which holder will be liable

Which of the following is not true with regard to Fixed Deposits?

• The minimum tenure for FD is 7 days

• Auto renewal facility is available

• Some of the Interest payment frequency options are Monthly Payout/ Quarterly Payout /Reinvestment

• Auto sweep facility is not available

Minimum deposit amount per month is INR ______ in case of RD (other than RBG)

• 2000

• 500

• 1200

• 1000