Ancillary Services
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
One-liners from this chapter
Free sample — 8 of 72 rapid-fire Q&A cards.
Name two RBI-operated electronic remittance rails.
RTGS and NEFT.
What is UTR and how many characters does it contain?
Unique Transaction Reference; 22-character identifier for RTGS transactions.
Which NPCI system replaced ECS for bulk recurring payments?
NACH (National Automated Clearing House).
Since when does NACH operate 24×7?
August 1, 2021.
Distinguish Safe Custody from Safe Deposit Locker.
Safe Custody: bank takes possession. Safe Deposit Locker: customer retains key and operates.
Can a bank insist on FD before allotting a locker?
No, except as security; allotment must be delinked from FD placement.
What trigger periods mandate bank contact for dormant lockers?
Medium-risk: 3 years; High-risk: 1 year of non-operation.
How must banks handle early locker surrender with advance rent?
Refund proportionate unutilised rent; no forfeiture allowed.
MCQ practice tests
Chapter-wise mock tests with instant scoring.
PDF study notes
More chapters in Module A - General Banking Operations
Master the full PPB syllabus
Every chapter of Principles and Practices of Banking — videos, tests, notes and one-liner decks in one place.