Midterm IDBI

Which of the following is a mandatory requirement for illiterate customers?

• Left hand thumb impression
• Left hand palm impression
• Right hand index impression
• Right hand thumb impression

Identify the reason for which an account opening form cannot be rejected.

• Customer has given the mandate of jointly operated for a single account
• Non submission of PAN/Form 60/Form 61
• Mobile number is not given
• Customer's signature is missing

The person who executes a power of attorney (account holder) is known as

• The principle
• The agent
• The attorney
• The mandate holder

TDS is deducted if the interest income from bank deposits exceeds Rs. _____________ for senior citizens

• Rs. 50000
• Rs. 40000
• Rs. 30000
• Rs. 15000

An account will be classified as a dormant account if there are no customer initiated transactions for a period of

• More than 2 years
• 6 months
• More than 1 year
• 3 months

Which of the following is not a liability product for the bank?

• Loan against deposits
• Savings account
• Term deposits
• Sweep deposits

Traditional fixed deposits are accepted for a minimum period of

• 7 days
• 5 days
• 180 days
• 90 days

Which of the following facilities are not available in fixed deposits?

• Premature penalities are not charged for all premature withdrawals
• Compounded interest for fixed deposits with payment at maturity
• Auto renewal facility
• TDS is aplied

___________ payout option in term deposits give the least interest income.

• Monthly
• Quarterly
• Half yearly
• Daily

If an account holder dies and his term deposit is withdrawn before maturity

• There will be no penal interest charged
• No interest will be paid
• Interest will be paid only as per savings account rate
• Interest will be paid after deducting penal interest