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Purchase Course

PNB “Start Up” Current Account Scheme

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TOTAL QUESTION: 10
TOTAL TIME= 10 MIN

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  1. Question 1 of 10
    1. Question

    Who is eligible to open a PNB Start Up Current Account?

    Correct

    All entities eligible to open a Current Account can open the PNB Start Up Current Account, subject to the additional start-up eligibility requirement.

    Incorrect

    All entities eligible to open a Current Account can open the PNB Start Up Current Account, subject to the additional start-up eligibility requirement.

    Unattempted

    All entities eligible to open a Current Account can open the PNB Start Up Current Account, subject to the additional start-up eligibility requirement.

  2. Question 2 of 10
    2. Question

    What additional eligibility condition applies to customers under the PNB Start Up Current Account Scheme?

    Correct

    The entity must have a valid Start-up Certificate of Recognition (CoR) issued by the specified government authorities.

    Incorrect

    The entity must have a valid Start-up Certificate of Recognition (CoR) issued by the specified government authorities.

    Unattempted

    The entity must have a valid Start-up Certificate of Recognition (CoR) issued by the specified government authorities.

  3. Question 3 of 10
    3. Question

    For how long is the Monthly Average Balance requirement waived under the PNB Start Up Current Account Scheme?

    Correct

    The minimum balance requirement is waived for up to 24 months.

    Incorrect

    The minimum balance requirement is waived for up to 24 months.

    Unattempted

    The minimum balance requirement is waived for up to 24 months.

  4. Question 4 of 10
    4. Question

    What is the Monthly Average Balance required after the initial waiver period of 24 months?

    Correct

    After 24 months, the required Monthly Average Balance is Rs. 25,000.

    Incorrect

    After 24 months, the required Monthly Average Balance is Rs. 25,000.

    Unattempted

    After 24 months, the required Monthly Average Balance is Rs. 25,000.

  5. Question 5 of 10
    5. Question

    What is the charge for online transactions through IBS/MBS under the PNB Start Up Current Account Scheme?

    Correct

    Online transactions through Internet Banking Services (IBS) and Mobile Banking Services (MBS) are free.

    Incorrect

    Online transactions through Internet Banking Services (IBS) and Mobile Banking Services (MBS) are free.

    Unattempted

    Online transactions through Internet Banking Services (IBS) and Mobile Banking Services (MBS) are free.

  6. Question 6 of 10
    6. Question

    Under the PNB Start Up Current Account Scheme, what is the free cash deposit limit per month?

    Correct

    Free cash deposits are allowed up to Rs. 15 lakh per month or 20 times the MAB maintained, whichever is higher, subject to a maximum cap of Rs. 1 crore.

    Incorrect

    Free cash deposits are allowed up to Rs. 15 lakh per month or 20 times the MAB maintained, whichever is higher, subject to a maximum cap of Rs. 1 crore.

    Unattempted

    Free cash deposits are allowed up to Rs. 15 lakh per month or 20 times the MAB maintained, whichever is higher, subject to a maximum cap of Rs. 1 crore.

  7. Question 7 of 10
    7. Question

    What benefit is provided on monthly rental charges for POS services under the PNB Start Up Current Account Scheme?

    Correct

    POS installation is free and the monthly rental charges receive a 25% discount.

    Incorrect

    POS installation is free and the monthly rental charges receive a 25% discount.

    Unattempted

    POS installation is free and the monthly rental charges receive a 25% discount.

  8. Question 8 of 10
    8. Question

    How many cheque leaves are provided free per month under the PNB Start Up Current Account Scheme?

    Correct

    The scheme provides 100 cheque leaves free per month.

    Incorrect

    The scheme provides 100 cheque leaves free per month.

    Unattempted

    The scheme provides 100 cheque leaves free per month.

  9. Question 9 of 10
    9. Question

    How many Demand Drafts are available free in a month under the PNB Start Up Current Account Scheme?

    Correct

    The scheme provides 10 Demand Drafts free in a month.

    Incorrect

    The scheme provides 10 Demand Drafts free in a month.

    Unattempted

    The scheme provides 10 Demand Drafts free in a month.

  10. Question 10 of 10
    10. Question

    What locker benefit is provided under the PNB Start Up Current Account Scheme?

    Correct

    The annual locker rent is waived for the first year for one small locker.

    Incorrect

    The annual locker rent is waived for the first year for one small locker.

    Unattempted

    The annual locker rent is waived for the first year for one small locker.


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