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Your results are here!! for" PNB FLOATING FIXED DEPOSIT SCHEME "
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Question 1 of 10
1. Question
What is the minimum deposit amount under the PNB Floating Fixed Deposit Scheme?
Correct
The minimum deposit amount is Rs. 1,000 or multiples thereof.
Incorrect
The minimum deposit amount is Rs. 1,000 or multiples thereof.
Unattempted
The minimum deposit amount is Rs. 1,000 or multiples thereof.
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Question 2 of 10
2. Question
What is required for acceptance of an FDR above Rs. 10 crore under the scheme?
Correct
Acceptance of FDRs above Rs. 10 crore is strictly subject to approval by the Treasury Division at Head Office.
Incorrect
Acceptance of FDRs above Rs. 10 crore is strictly subject to approval by the Treasury Division at Head Office.
Unattempted
Acceptance of FDRs above Rs. 10 crore is strictly subject to approval by the Treasury Division at Head Office.
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Question 3 of 10
3. Question
What is the maximum period for a deposit under the PNB Floating Fixed Deposit Scheme?
Correct
The deposit period ranges from 7 days to a maximum of 10 years, including incomplete quarters.
Incorrect
The deposit period ranges from 7 days to a maximum of 10 years, including incomplete quarters.
Unattempted
The deposit period ranges from 7 days to a maximum of 10 years, including incomplete quarters.
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Question 4 of 10
4. Question
Why cannot the interest rate and maturity value payable till maturity be pre-calculated under the Floating Fixed Deposit Scheme?
Correct
The interest rate may change during the currency of the FD, so the final interest rate and maturity value cannot be pre-calculated.
Incorrect
The interest rate may change during the currency of the FD, so the final interest rate and maturity value cannot be pre-calculated.
Unattempted
The interest rate may change during the currency of the FD, so the final interest rate and maturity value cannot be pre-calculated.
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Question 5 of 10
5. Question
What explanatory note is mentioned on the confirmation of deposit under the scheme?
Correct
The confirmation of deposit carries a note stating that the interest rate is subject to change from time to time during the currency of the FD.
Incorrect
The confirmation of deposit carries a note stating that the interest rate is subject to change from time to time during the currency of the FD.
Unattempted
The confirmation of deposit carries a note stating that the interest rate is subject to change from time to time during the currency of the FD.
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Question 6 of 10
6. Question
What is the minimum FD amount required for availing the Overdraft facility?
Correct
For taking the Overdraft facility, the FD should be for a minimum of Rs. 10,000.
Incorrect
For taking the Overdraft facility, the FD should be for a minimum of Rs. 10,000.
Unattempted
For taking the Overdraft facility, the FD should be for a minimum of Rs. 10,000.
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Question 7 of 10
7. Question
For which deposit holders is the overdraft facility not available under the scheme?
Correct
The overdraft facility is not available in an account opened in the name of an illiterate or blind person.
Incorrect
The overdraft facility is not available in an account opened in the name of an illiterate or blind person.
Unattempted
The overdraft facility is not available in an account opened in the name of an illiterate or blind person.
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Question 8 of 10
8. Question
For term deposits up to Rs. 10 crore that remain with the bank up to 5 years, what reduction is applicable to the rate for premature withdrawal?
Correct
For deposits up to Rs. 10 crore held for up to 5 years, the applicable rate is reduced by 1% for premature withdrawal.
Incorrect
For deposits up to Rs. 10 crore held for up to 5 years, the applicable rate is reduced by 1% for premature withdrawal.
Unattempted
For deposits up to Rs. 10 crore held for up to 5 years, the applicable rate is reduced by 1% for premature withdrawal.
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Question 9 of 10
9. Question
For term deposits up to Rs. 10 crore that remain with the bank for more than 5 years, what reduction is applicable to the rate for premature withdrawal?
Correct
For deposits up to Rs. 10 crore held for more than 5 years, the applicable rate is reduced by 0.5% for premature withdrawal.
Incorrect
For deposits up to Rs. 10 crore held for more than 5 years, the applicable rate is reduced by 0.5% for premature withdrawal.
Unattempted
For deposits up to Rs. 10 crore held for more than 5 years, the applicable rate is reduced by 0.5% for premature withdrawal.
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Question 10 of 10
10. Question
Which category of deposits is not issued under the PNB Floating Fixed Deposit Scheme?
Correct
FDRs under DRI are specifically excluded and shall not be issued under this scheme.
Incorrect
FDRs under DRI are specifically excluded and shall not be issued under this scheme.
Unattempted
FDRs under DRI are specifically excluded and shall not be issued under this scheme.