Role of AI and Technology in Retail Banking
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Retail Banking and Wealth Management — JAIIB.
One-liners from this chapter
Free sample — 8 of 52 rapid-fire Q&A cards.
Less than ₹5 Crore?
No restriction on opening current accounts or providing CC/OD facility
₹5 Crore or more?
Current accounts can be maintained only with a bank holding ≥ 10% of the banking-system exposure to that borrower
Identification?
Thumb impression on AOF in presence of an approved witness known to both bank and applicant
Withdrawal?
Illiterate person must come personally and affix thumb impression in presence of an officer
Cheque book?
Not permitted
Joint account?
Allowed only with a literate close relative (father, son, husband, wife, mother, daughter)
01/04/2021 — Particulars / Dr / Cr / Balance?
Particulars: By Cash; Cr: 1,000; Balance: 1,000
04/04/2021 — Particulars / Dr / Cr / Balance?
Particulars: By Transfer; Cr: 1,00,000; Balance: 1,10,000; : *
MCQ practice tests
Chapter-wise mock tests with instant scoring.
PDF study notes
More chapters in Module B - Retail Products and Recovery
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