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NO. OF QUESTION= 15
TOTAL TIME= 15 MIN
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Your results are here!! for" PNB Special Recurring Deposit Product "
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Question 1 of 15
1. Question
Who can participate in the PNB Special Recurring Deposit Product?
Correct
The scheme is available for Government Institutions, Private Institutions, PSUs, Corporate Bodies and other eligible organizations.
Incorrect
The scheme is available for Government Institutions, Private Institutions, PSUs, Corporate Bodies and other eligible organizations.
Unattempted
The scheme is available for Government Institutions, Private Institutions, PSUs, Corporate Bodies and other eligible organizations.
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Question 2 of 15
2. Question
In whose name is the account opened?
Correct
The account is opened in the Institution‘s name followed by the employee‘s account name.
Incorrect
The account is opened in the Institution‘s name followed by the employee‘s account name.
Unattempted
The account is opened in the Institution‘s name followed by the employee‘s account name.
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Question 3 of 15
3. Question
What is the minimum employee enrollment required?
Correct
The institution must enroll at least 10 employees or 75% of eligible employees, whichever is lower.
Incorrect
The institution must enroll at least 10 employees or 75% of eligible employees, whichever is lower.
Unattempted
The institution must enroll at least 10 employees or 75% of eligible employees, whichever is lower.
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Question 4 of 15
4. Question
What is the minimum monthly installment?
Correct
The minimum monthly installment is ₹10.
Incorrect
The minimum monthly installment is ₹10.
Unattempted
The minimum monthly installment is ₹10.
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Question 5 of 15
5. Question
Further installments can be made in multiples of?
Correct
Installments can be made in multiples of ₹1.
Incorrect
Installments can be made in multiples of ₹1.
Unattempted
Installments can be made in multiples of ₹1.
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Question 6 of 15
6. Question
What is the maximum deposit tenure under the scheme?
Correct
The maximum tenure is 120 months.
Incorrect
The maximum tenure is 120 months.
Unattempted
The maximum tenure is 120 months.
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Question 7 of 15
7. Question
What happens if the employer requires a tenure beyond 120 months?
Correct
The existing account is closed after 120 months and a new account is opened.
Incorrect
The existing account is closed after 120 months and a new account is opened.
Unattempted
The existing account is closed after 120 months and a new account is opened.
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Question 8 of 15
8. Question
Is any penalty charged for missed installments?
Correct
No penalty is charged for missed installments.
Incorrect
No penalty is charged for missed installments.
Unattempted
No penalty is charged for missed installments.
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Question 9 of 15
9. Question
Interest is payable at which rate?
Correct
Interest is payable at the Card Rate applicable to Term Deposits below ₹1 crore.
Incorrect
Interest is payable at the Card Rate applicable to Term Deposits below ₹1 crore.
Unattempted
Interest is payable at the Card Rate applicable to Term Deposits below ₹1 crore.
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Question 10 of 15
10. Question
How is interest calculated?
Correct
Interest is calculated on the daily product basis.
Incorrect
Interest is calculated on the daily product basis.
Unattempted
Interest is calculated on the daily product basis.
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Question 11 of 15
11. Question
When is interest credited to the account?
Correct
Interest is credited half-yearly in March and September.
Incorrect
Interest is credited half-yearly in March and September.
Unattempted
Interest is credited half-yearly in March and September.
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Question 12 of 15
12. Question
Can premature withdrawal be made without institution approval?
Correct
Premature withdrawal is not permitted without prior institution sanction.
Incorrect
Premature withdrawal is not permitted without prior institution sanction.
Unattempted
Premature withdrawal is not permitted without prior institution sanction.
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Question 13 of 15
13. Question
Loan or Advance is available subject to whose permission?
Correct
Loans require prior sanction or permission of the Institution.
Incorrect
Loans require prior sanction or permission of the Institution.
Unattempted
Loans require prior sanction or permission of the Institution.
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Question 14 of 15
14. Question
Is nomination facility available under the scheme?
Correct
Nomination facility is available.
Incorrect
Nomination facility is available.
Unattempted
Nomination facility is available.
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Question 15 of 15
15. Question
What document does the Bank issue for tax deducted from interest?
Correct
The Bank issues a TDS Certificate.
Incorrect
The Bank issues a TDS Certificate.
Unattempted
The Bank issues a TDS Certificate.