WorksheetsNRI Banking
Total questions: 12
Worksheet time: 13mins
NRO accounts are maintained by NRI for
converting foreign currency into INR
Remittance from Aborad
rupee income from share, interest and rent from India
All of the above
Which one the following is not a NRI
Athlete
Tourist
Individual stayed more than 182 days in India during the preceding financial year .
All of the above
Who can be a PIO
He/she at any time held an Indian passport
He/she or either of his/her parents or grandparents or great grandparents was born in and permanently resident in India
He/she is a spouse of a citizen of India or a person of Indian origin covered under
All of the above
What is rate of TDS in NRI Term Deposit account
10%
20%
It is exempted from income tax and wealth tax
None of the above
What are the valid documents to be obtained from NRI during opening of account
Copy of passport
Copy of Visa
Latest Overseas bank statement in original, latest overseas
telephone/electricity bill in original as residential proof
KYC for identification in India
Only 1,2 and 3
What types of accounts (except loans) a NRE can open
Saving, Current, Term deposits and Recurring deposits
Saving, Current, Term deposits
Saving, Current
Saving, Term deposits
What will be the status of NRE account on the return of the account holder to India
NRE accounts should be redesignated as resident accounts
The funds held in this account may be transferred to RFC accounts
Either 1 or 2
None of the above
What is maximum period for which one NRI can open a Term Deposits Account
10 year
3 year
15 year
None of the above
What is ROI payble to NRI terms deposit closed before 1 year from the date of deposits
Zero
As per ROI prevails in that day minus 1% penality
As per contractual Rate
None of the above
Loan against NRE Term Deposit can be sanction in
Indian Rupee
Foreign currency
both 1 and 2
none of the above
Which of the following is not true about Rapid Funds 2 India
On line money transfer facility for NRI in abroad
Funds will be remitted in INR
Both 1 and 2
None of the above
Which one of the following is not a deposit product of our Bank for NRI
Rupee Linked Foreign Currency Deposit
Non Resident (ordinary) current account
Returning Indians Foreign Currency Account
Foreign Currency Denominated Non Resident- Savings Deposit
