NRI Products Quiz2025

What is balance criteria for NRE (Rupee) SB A/c SB 201

• QAB Rs.1000
• MAB Rs.1000
• MAB Rs.10000
• QAB Rs.10000

Which of the following is/are correct in case of NRE A/c ?

• NRE A/c can be opened jointly in the names of two or more NRIs/PIOs
• NRIs/PIOs can hold with a resident relative on ‘former or survivor’ basis
• The resident relative can operate the account as a Power of Attorney holder during the life time of the NRI/PIO account holder
• All options are incorrect

Which of the following is incorrect in case of NRE A/c ?

• Income earned in the account is exempted from income tax
• Balance and Interest are fully repatriable
• Income earned in the account is taxable

What is/are permissible credits in NRE A/c?

• Inward remittance from outside India
• Transfer from other NRE/FCNR (B) accounts
• Maturity proceeds of investments
• Interest accruing on the account

What is/are permissible debits in NRE A/c?

• Local disbursements/payments
• Remittance outside India
• Transfer to other NRE/FCNR (B) accounts
• investments in India

What is/are suitable if Residential status changes from NRI to Resident?

• NRE accounts should be designated as resident accounts
• Funds held in these accounts may be transferred to the RFC
• Bank relationship with the customer will be terminated

• NRI A/c can be continued for 12 months after status change

What is balance criteria for Premium NRE SB A/c (SB206) ?

• Rs.10000.00 (MAB)
• Rs. 0.50 lac (CASA) or Rs. 5 Lacs (CASA + Term Deposit) - (MAB)
• Rs. 1 Lac (CASA) or Rs. 10 Lacs (CASA + Term Deposit) - (MAB)
• Rs.25000.00 (QAB)

What are key benefits to customer under Premium NRE SB A/c SB206?

• Free Cheque Book
• Free RTGS/NEFT/IMPS (through Digital Channel)
• No charges for collection of cheque/currency notes
• Free of Cost one locker

What is Saving ROI payable to NRE Saving deposit of Rs.1.00 Lac?

• 2.5%
• 2.75%
• 3.5%
• 4%

Master card debit card variant is issued free under Premium NRE SB A/c SB206. What are feature of Master Card debit card?

• Maximum cash withdrawal per day limit ₹ 200000/-
• Maximum Per day limit at POS/Ecom ₹ 5,00,000
• Contactless Maximum per txn limit using Contactless mode ₹ 5,000/-
• Maximum number of cash withdrawals allowed per day 20